Guideline Value for BHARATHITHASAN VEETHI

Bharathithasan Veethi guideline value

The current guideline value of Bharathithasan Veethi is Rs 1,060 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty. village, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bharathithasan Veethi has changed

The guideline value for Bharathithasan Veethi has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 set the value at Rs 1,060 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value surged by 199%. The increase from 2023 to 2024 is 6%, resulting in an overall increase of 112% from 2012 to 2024.

Guideline values in Saravanmpatty.

In Saravanmpatty., there are 180 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, which is equal to the guideline value for Bharathithasan Veethi.

• Bharathi Veethi: Rs 1,060 per sq.ft (2024)
• Bharma Thamilar Colony: Rs 1,045 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 1,055 per sq.ft (2024)
• Bharathiar Veethi: Rs 1,055 per sq.ft (2024)
• Bangala Veethi: Rs 1,060 per sq.ft (2024)
• Balaji Nagar: Rs 1,060 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathithasan Veethi

For a 1,000 sq.ft plot at the current rate of Rs 1,060 per sq.ft, the guideline value amounts to Rs 10,60,000. The stamp duty at 7% would be Rs 74,200, and the registration fee at 2% would be Rs 21,200, totaling Rs 95,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathithasan Veethi?

The Sub Registrar Office that covers Bharathithasan Veethi is the Gandhipuram Sub Registrar Office. The address is Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Saravanmpatty. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Bharathithasan Veethi?

The current guideline value of Bharathithasan Veethi is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,060 per sq.ft in 2024, showing an overall increase of 112% over this period.

What is the land classification for Bharathithasan Veethi?

Bharathithasan Veethi is classified as Residential Class I Type - III according to the land classification standards.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 10,60,000, the stamp duty is Rs 74,200 and the registration fee is Rs 21,200, totaling Rs 95,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers the area of Bharathithasan Veethi?

The Gandhipuram Sub Registrar Office covers Bharathithasan Veethi, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.