Guideline Value for BHARATHIYAR STREET

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Suleswaranpatty village, under the Pollachi SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has seen several revisions over the years. The 2007 revision set the value at Rs 110 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, there was a decrease to Rs 100 per sq.ft in 2017. A significant increase of 100% occurred from 2017 to 2023, where the value rose to Rs 200 per sq.ft, which remained the same in the 2024 revision.

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 82%.

Guideline values in Suleswaranpatty

In Suleswaranpatty, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 490 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Bharathiyar Street.

• Anna Street: Rs 200 per sq.ft (2024)
• Annai Indra Street: Rs 200 per sq.ft (2024)
• City Babu Street: Rs 200 per sq.ft (2024)
• Anbalagan Street: Rs 200 per sq.ft (2024)
• C.W.S. Colony: Rs 200 per sq.ft (2024)
• Amman Kovil Street: Rs 200 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 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, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street?

The Bharathiyar Street falls under the Pollachi Sub Registrar Office located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Suleswaranpatty. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street 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 from Rs 110 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, with various revisions in between, including a significant increase of 100% from 2017 to 2023.

What is the land classification for Bharathiyar Street?

Bharathiyar Street is classified as Residential Class I Type - I, which indicates its intended use for residential purposes.

Where can I find the Pollachi Sub Registrar Office?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is the stamp duty calculated for properties in Bharathiyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total stamp duty of Rs 14,000.