Guideline Value for BHARATHIPURAM

Bharathipuram guideline value

The current guideline value of Bharathipuram, located in Ward - A under the Tiruppur Joint II SRO, is Rs 705 per sq.ft. This value comes from the 2024 revision, which is effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathipuram has changed

The guideline value of Bharathipuram has seen several revisions over the years. In 2007, the guideline value was Rs 315 per sq.ft, which increased to Rs 475 per sq.ft in 2012. However, there was a decrease to Rs 318 per sq.ft in 2017. Following this, the value significantly increased to Rs 700 per sq.ft in 2023, and then to Rs 705 per sq.ft in 2024, marking a 1% increase from the previous year. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the value rose by 120%, while from 2012 to 2017, it decreased by 33%. The period from 2007 to 2012 saw an increase of 51%. Overall, the guideline value has increased by 124% from 2007 to 2024.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. Bharathipuram's 2024 guideline value is below this median.

• Bharathi Nagar 1st West Street: Rs 707 per sq.ft (2024)
• Bharathi Nagar: Rs 707 per sq.ft (2024)
• Bharathidasan Nagar: Rs 701 per sq.ft (2024)
• Bharathi 3rd street: Rs 701 per sq.ft (2024)
• Bharathi 2nd street: Rs 701 per sq.ft (2024)
• Bharathi 1st street: Rs 701 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 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total fees to Rs 63,450. It is important to note that 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 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 Ward - A

The guideline value is a crucial factor during the registration of property transactions in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to ensure that the appropriate taxes are levied. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction, making it essential to consider when planning a property deal.

Frequently asked questions

What is the current guideline value of Bharathipuram?

The current guideline value of Bharathipuram is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 315 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, showing an overall increase of 124% during this period.

What are the stamp duty rates for property in Bharathipuram?

The stamp duty for property transactions in Bharathipuram is charged at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Bharathipuram?

The Tiruppur Joint II Sub Registrar Office is responsible for handling registrations for Bharathipuram, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Bharathipuram?

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