Guideline Value for BHARATHIYAR STREET WARD-13

Bharathiyar Street Ward-13 guideline value

The current guideline value of Bharathiyar Street Ward-13 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in West_komaralingam village, under the Kaniyur Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - V.

How the guideline value of Bharathiyar Street Ward-13 has changed

Over the years, the guideline value for Bharathiyar Street Ward-13 has undergone several revisions. The earliest recorded revision was in 2007, with a guideline value of Rs 40 per sq.ft. This increased significantly to Rs 160 per sq.ft in 2012, but then decreased to Rs 107 per sq.ft in 2017. The value saw a substantial rise to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating a remarkable increase of 87% from 2017 to 2023, while the change from 2023 to 2024 was 0%.

The register does not contain figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Bharathiyar Street Ward-13's 2024 figure matches this median.

• Arunachalam Street Ward-15: Rs 200 per sq.ft (2024)
• Chellappar Street Ward-11: Rs 200 per sq.ft (2024)
• Chennimalai Goundar Street Ward-15: Rs 200 per sq.ft (2024)
• Anna Street Ward-15: Rs 200 per sq.ft (2024)
• Annanagar Ward-12: Rs 200 per sq.ft (2024)
• Chithamparanar Street Ward-15: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street Ward-13

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, totaling 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 precise calculations.

Which Sub Registrar Office covers Bharathiyar Street Ward-13?

The Bharathiyar Street Ward-13 falls under 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 West_komaralingam

The guideline value is a crucial factor in the registration process of property transactions in West_komaralingam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Street Ward-13?

The current guideline value of Bharathiyar Street Ward-13 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting a total increase of 400% over this period.

What is the land classification for Bharathiyar Street Ward-13?

The land classification for Bharathiyar Street Ward-13 is 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 is stamp duty calculated for properties in Bharathiyar Street Ward-13?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft would incur a stamp duty of Rs 14,000.