Guideline Value for BHARATHITHASAN STREET WARD-9

Bharathithasan Street Ward-9 guideline value

The current guideline value for Bharathithasan Street Ward-9 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Sanararamanallur_south village, under the Kaniyur SRO, and is classified as Residential Class III Type - V.

How the guideline value of Bharathithasan Street Ward-9 has changed

The guideline value for Bharathithasan Street Ward-9 has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 25 per sq.ft. This increased significantly to Rs 160 per sq.ft in 2012, marking an increase of 540%. However, from 2012 to 2017, the value dropped to Rs 107 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 200 per sq.ft in both 2023 and 2024, showing an increase of 87% from 2017 to 2023. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from 2007 to 2024, the guideline value has increased by 700%. The consistency in the guideline value from 2023 to 2024 indicates that the rate has stabilized at Rs 200 per sq.ft.

Guideline values in Sanararamanallur_south

In Sanararamanallur_south, there are 48 streets under the Kaniyur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Bharathithasan Street Ward-9's 2024 figure is equal to this median.

• Batharakaliyamman Kovil Street Ward-7: Rs 200 per sq.ft (2024)
• Awaayar Street Ward-9: Rs 200 per sq.ft (2024)
• Anna Street Ward-8: Rs 200 per sq.ft (2024)
• Anna Street Ward-11: Rs 200 per sq.ft (2024)
• Ambathkar Street Ward-6: Rs 200 per sq.ft (2024)
• Ambathkar Steet Ward-10: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathithasan Street Ward-9

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee is charged at 2%, amounting to Rs 4,000. Therefore, the total cost for stamp duty and registration fee together is Rs 18,000. 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 further calculations.

Which Sub Registrar Office covers Bharathithasan Street Ward-9?

The Bharathithasan Street Ward-9 falls under the jurisdiction of the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is an essential reference point used during the registration of property transactions in Sanararamanallur_south. It helps determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on the established rates for the area.

When buying or selling property, it is crucial to be aware of the guideline value as it directly impacts the financial obligations involved in the transaction. Buyers and sellers should ensure they are informed about the current rates to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Bharathithasan Street Ward-9?

The current guideline value for Bharathithasan Street Ward-9 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 700% over this period.

What is the land classification for Bharathithasan Street Ward-9?

Bharathithasan Street Ward-9 is classified as Residential Class III Type - V.

Where is the Kaniyur Sub Registrar Office located?

The Kaniyur Sub Registrar Office is located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total cost would be Rs 18,000.