Guideline Value for BHARATHIPURAM

Bharathipuram guideline value

The current guideline value of Bharathipuram, located in Ward - K village under the Tiruppur Joint I SRO, is Rs 2,800 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 of Bharathipuram has seen several revisions. The 2007 revision set the value at Rs 1,710 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then rose significantly to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 2,800 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the increase was 49%, followed by a 12% rise from 2023 to 2024. Notably, the overall increase from 2007 to 2024 is 64%. The fluctuations in the guideline value reflect the changes in the local real estate landscape over the years.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Bharathipuram's 2024 guideline value of Rs 2,800 per sq.ft is above this median.

• Bharathiar Street: Rs 1,120 per sq.ft (2024)
• Benny Street: Rs 3,920 per sq.ft (2024)
• Benny Main Road: Rs 3,920 per sq.ft (2024)
• Binny Colony And Park Street: Rs 3,920 per sq.ft (2024)
• Avinashi Road (Bazaar Street): Rs 4,480 per sq.ft (2024)
• Avinashi Road 60 Feet (North Side): Rs 4,480 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions within Ward - K. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value serves as a benchmark for property valuations in the area. Buyers and sellers often refer to it to understand the prevailing rates and make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Bharathipuram?

The current guideline value of Bharathipuram is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,710 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Bharathipuram?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 28,00,000, the total stamp duty and registration fees would amount to Rs 2,52,000.

Which Sub Registrar Office covers Bharathipuram?

Bharathipuram is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Bharathipuram?

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