Guideline Value for BHARATHIYAR STREET

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Vadugapalayam village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Palladam Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has undergone several revisions over the years. In 2012, the value was set at Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in the 2017 revision. Following this, the value significantly increased by 50% to Rs 450 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 500 per sq.ft, reflecting an increase of 11% from the previous year.

It is important to note that the register has no figures for Bharathiyar Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Vadugapalayam

In Vadugapalayam, there are 27 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 301 to Rs 840 per sq.ft, with the median being Rs 500 per sq.ft. Bharathiyar Street's 2024 guideline value aligns perfectly with this median.

• Bajanai Kovil Street: Rs 380 per sq.ft (2024)
• Ayyan Anga Muthu Nager: Rs 780 per sq.ft (2024)
• Arijana Colony: Rs 301 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• Chinniyagounder Street: Rs 500 per sq.ft (2024)
• Chithambalam Road-1: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

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 at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is essential 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 more detailed calculations.

Which Sub Registrar Office covers Bharathiyar Street?

The Bharathiyar Street is covered by the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vadugapalayam. 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.

During the registration process, the guideline value will be referenced to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street 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 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What is the land classification of Bharathiyar Street?

Bharathiyar Street is classified as Residential Class I Type - III under the Palladam SRO.

What are the other streets in Vadugapalayam with their guideline values?

Other streets in Vadugapalayam have varying guideline values, with Bajanai Kovil Street at Rs 380 per sq.ft, Ayyan Anga Muthu Nager at Rs 780 per sq.ft, and Chinnaiya Garden at Rs 840 per sq.ft, among others.

Where can I find the Sub Registrar Office for Bharathiyar Street?

The Sub Registrar Office covering Bharathiyar Street is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.