Guideline Value for BHARATHIDASAN STREET

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Ward - E village under the Tiruppur Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Bharathidasan Street has changed

The guideline value for Bharathidasan Street has undergone several revisions over the years. The 2007 revision set the value at Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, the value decreased by 33% to Rs 502 per sq.ft in 2017. The 2023 revision saw a significant increase of 49%, raising the value to Rs 750 per sq.ft, followed by another increase of 12% in the 2024 revision, bringing it to Rs 840 per sq.ft.

There are no figures available for the years 2002 and 2003 in the register for Bharathidasan Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 91%.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with the median value also being Rs 840 per sq.ft. Bharathidasan Street's 2024 figure is equal to this median.

• Bharathi Nagar: Rs 840 per sq.ft (2024)
• Bharathi Nagar 1st West Street: Rs 840 per sq.ft (2024)
• Bharathi Nagar Kavundanaikampalayam: Rs 840 per sq.ft (2024)
• Bharathi Nagar North: Rs 840 per sq.ft (2024)
• Bharathi Nagar West: Rs 840 per sq.ft (2024)
• Bharathi Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Street

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Street?

The Bharathidasan Street falls under the Tiruppur Joint I Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward - E

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - E. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government standards.

When a buyer or seller approaches the registration office, the guideline value will be referenced to determine the applicable charges. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 440 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, reflecting an overall increase of 91% over the years.

What is the registration office for Bharathidasan Street?

The registration office for Bharathidasan Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What are the stamp duty rates applicable?

The stamp duty rate is 7% on the guideline value or sale price, whichever is higher. For example, a plot valued at Rs 8,40,000 would incur a stamp duty of Rs 58,800.

Where can I find more information about guideline values?

More information about guideline values can be found in the Registration Department's guideline value register (TNReginet) or through the local Sub Registrar Office.