Guideline Value for Barbar Street

Barbar Street guideline value

The current guideline value of Barbar Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Barbar Street has changed

The guideline value for Barbar Street has undergone several revisions over the years. In 2002, the value was Rs 200 per sq.ft. This increased to Rs 225 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 325 per sq.ft in 2007, which was a +44% increase. By 2012, the value had grown significantly to Rs 600 per sq.ft, reflecting an increase of +85% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 402 per sq.ft, a change of -33%. The value then remained at Rs 600 per sq.ft from 2017 to 2023, with no change. The most recent revision in 2024 again set the value at Rs 600 per sq.ft, showing a +0% change from the previous year. There are no figures available for any other revisions for this street.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Barbar Street is below this median.

• Bangalow Medu Harijan Colony Ambathkar Qrts: Rs 350 per sq.ft (2024)
• Bharath Bavanam Road: Rs 600 per sq.ft (2024)
• Bharathi Nagar (Huts): Rs 350 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,500 per sq.ft (2024)
• Bhavani River Road: Rs 350 per sq.ft (2024)
• Arun Nagar (Sriram Thieater Backside): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Barbar Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barbar Street?

The Sub Registrar Office that covers Barbar Street is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented at a fair value, which is important for both the buyer and seller. Understanding the guideline value can assist in making informed decisions during the property transaction process.

Frequently asked questions

What is the current guideline value of Barbar Street?

The current guideline value of Barbar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 in 2002 to Rs 600 in 2024, with various increases and decreases in between. Notably, there was a significant increase of +49% from 2017 to 2023.

What is the land classification of Barbar Street?

Barbar Street is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for property in Barbar Street?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Barbar Street?

The Mettupalayam Sub Registrar Office handles registrations for Barbar Street, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.