Guideline Value for BHARATHIYAR COLONY

Bharathiyar Colony guideline value

The current guideline value for Bharathiyar Colony, located in Ward - B village under the Udumalpettai SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Bharathiyar Colony has changed

Over the years, the guideline value for Bharathiyar Colony has seen several revisions. The earliest recorded figure is from 2003, which was Rs 192 per sq.ft. This value increased significantly to Rs 450 per sq.ft in 2012, but then saw a decrease to Rs 301 per sq.ft in 2017. The value rose again to Rs 450 per sq.ft in 2023 before reaching the current rate of Rs 500 per sq.ft in 2024. The register has no figures for this street in 2002 and 2007.

From 2003 to 2024, the guideline value has increased by 160%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2017 to 2023 was 50%. The most recent change from 2023 to 2024 reflects an increase of 11%.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value is Rs 500 per sq.ft, which is equal to the current guideline value for Bharathiyar Colony.

• Bharathi Lane: Rs 380 per sq.ft (2024)
• Baseer Ahamed Layout: Rs 660 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 per sq.ft (2024)
• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Boyar Lane: Rs 380 per sq.ft (2024)
• Ariyar Real Estate: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathiyar Colony?

The Bharathiyar Colony is covered by the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Ward - B. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transfer of property ownership.

When purchasing or selling property, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures that the registration fees are appropriately assessed based on the established guideline values for the area.

Frequently asked questions

What is the current guideline value of Bharathiyar Colony?

The current guideline value for Bharathiyar Colony is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 192 per sq.ft in 2003 to Rs 500 per sq.ft in 2024, reflecting an overall increase of 160% over this period.

What is the stamp duty rate for property in Bharathiyar Colony?

The stamp duty rate for property transactions in Bharathiyar Colony is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Bharathiyar Colony located?

The Udumalpettai Sub Registrar Office is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.

What is the land classification of Bharathiyar Colony?

Bharathiyar Colony falls under the Residential Class I Type - III land classification, which is important for understanding the uses permitted in this area.