Guideline Value for BHARATHIYAR St

BHARATHIYAR St guideline value

The current guideline value of BHARATHIYAR St in Ikkarai Poolvampatti village is Rs 102 per sq.ft, effective from 1 July 2024. This street falls under the Thondamuthur SRO and is classified as Residential Class I Type - I.

How the guideline value of BHARATHIYAR St has changed

The guideline value for BHARATHIYAR St has undergone several revisions over the years. The 2007 revision set the value at Rs 35 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2012. However, this value decreased by 33% to Rs 67 per sq.ft in the 2017 revision. The guideline value then rose sharply by 49% to Rs 100 per sq.ft in 2023, before reaching the current value of Rs 102 per sq.ft in the 2024 revision, marking a 2% increase from the previous year.

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 191%.

Guideline values in Ikkarai Poolvampatti

In Ikkarai Poolvampatti, there are 37 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 102 to Rs 102 per sq.ft, with a median of Rs 102 per sq.ft. BHARATHIYAR St's 2024 figure is equal to this median.

• BHARATHI DHASAN St: Rs 102 per sq.ft (2024)
• BAGTHSING St: Rs 102 per sq.ft (2024)
• CHINNAMALAI St: Rs 102 per sq.ft (2024)
• ANNAI INDHIRA St: Rs 102 per sq.ft (2024)
• ANDIYAPPAN St: Rs 102 per sq.ft (2024)
• AMBETHKAR St: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in BHARATHIYAR St

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total cost for these fees to Rs 9,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BHARATHIYAR St?

The Sub Registrar Office that covers BHARATHIYAR St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ikkarai Poolvampatti. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the official value of the property, which is essential for registration purposes. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of BHARATHIYAR St?

The current guideline value of BHARATHIYAR St is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 35 per sq.ft in 2007 to Rs 102 per sq.ft in 2024, marking an overall increase of 191% over the years.

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

For a property valued at Rs 1,02,000, the stamp duty would be Rs 7,140 and the registration fee would be Rs 2,040, totaling Rs 9,180.

Which office handles the registration for BHARATHIYAR St?

The Thondamuthur Sub Registrar Office handles the registration for BHARATHIYAR St, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions, ensuring compliance with legal requirements and transparency in the process.