Guideline Value for BHARATHIPURAM

Bharathipuram guideline value

The current guideline value of Bharathipuram, located in Iduvai village under the Tiruppur Joint I SRO, is Rs 110 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Bharathipuram has changed

Over the years, the guideline value for Bharathipuram has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which then dropped to Rs 67 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the latest 2024 revision has raised it further to Rs 110 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the value increased significantly by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Iduvai

In Iduvai, there are 47 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 500 per sq.ft. The median value across these streets is Rs 110 per sq.ft, placing Bharathipuram at the same value as this median.

• Attayampalayam: Rs 110 per sq.ft (2024)
• Annamalai Garden: Rs 110 per sq.ft (2024)
• Chinnakalipalayam: Rs 110 per sq.ft (2024)
• Chinnamman Nagar: Rs 110 per sq.ft (2024)
• Angalaparameswarinagar: Rs 110 per sq.ft (2024)
• Amman Nagar: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, while the registration fee at 2% would be Rs 2,200, bringing the total to Rs 9,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathipuram?

The Sub Registrar Office that covers Bharathipuram is the Tiruppur Joint I 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 Iduvai

The guideline value is an essential factor during property transactions in Iduvai, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Bharathipuram?

The current guideline value of Bharathipuram is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Bharathipuram?

Bharathipuram is classified as Residential Class I Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Bharathipuram?

The Tiruppur Joint I Sub Registrar Office covers Bharathipuram, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is stamp duty calculated for properties in Bharathipuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,000, the stamp duty at 7% would be Rs 7,700.