Guideline Value for BHARATHIAR STREET

Bharathiar Street guideline value

The current guideline value of Bharathiar Street in Velampalayam village is Rs 890 per sq.ft, effective from 1 July 2024. This street falls under the Tiruppur Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Bharathiar Street has changed

Over the years, the guideline value of Bharathiar Street has seen significant changes. In the 2007 revision, the value was Rs 150 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it decreased to Rs 536 per sq.ft in the 2017 revision. The value then rose to Rs 800 per sq.ft in 2023 and currently stands at Rs 890 per sq.ft as per the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was a remarkable increase of 433%. However, the value decreased by 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and has increased by 11% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 493%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing Bharathiar Street's 2024 value above this median.

• Best Road: Rs 715 per sq.ft (2024)
• Bharathi Iiird Street: Rs 711 per sq.ft (2024)
• Bharathi Iind Street: Rs 711 per sq.ft (2024)
• Bharathi Ist Street: Rs 711 per sq.ft (2024)
• Bharathi Nagar: Rs 890 per sq.ft (2024)
• Bharathi Puram: Rs 890 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 890 per sq.ft, the total guideline value amounts to Rs 8,90,000. The stamp duty at 7% would be Rs 62,300, and the registration fee at 2% would be Rs 17,800, bringing the total charges to Rs 80,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Street?

The Sub Registrar Office that covers Bharathiar Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velampalayam

The guideline value plays a crucial role during the registration of property transactions in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall transaction costs.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 890 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2007 to Rs 890 per sq.ft in 2024, marking an overall increase of 493% over this period.

What are the other streets in Velampalayam with their guideline values?

Other streets in Velampalayam include Best Road at Rs 715 per sq.ft, Bharathi Iiird Street, Bharathi Iind Street, and Bharathi Ist Street all at Rs 711 per sq.ft, and both Bharathi Nagar and Bharathi Puram at Rs 890 per sq.ft.

What fees are associated with buying property on Bharathiar Street?

When purchasing property on Bharathiar Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathiar Street?

The Sub Registrar Office for Bharathiar Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.