Guideline Value for Barpar Thottam

Barpar Thottam guideline value

The current guideline value of Barpar Thottam is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class I Type - II.

How the guideline value of Barpar Thottam has changed

The guideline value of Barpar Thottam has undergone several revisions over the years. In 2007, the value was Rs 106 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a rise of 466%. However, the value then decreased to Rs 402 per sq.ft in 2017, a drop of 33%. The most recent revisions show that the value remained at Rs 600 per sq.ft for both 2023 and 2024, indicating no change during this period.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 466%.

Guideline values in Kavundapadi

Kavundapadi village has a total of 137 streets under the Kavundapadi SRO, with guideline values for 2024 ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value is Rs 600 per sq.ft, which is equal to the current value of Barpar Thottam.

• Balaji Nagar: Rs 726 per sq.ft (2024)
• Bharathiyar Street (573/1A,1B,3,4,570/9,564/13): Rs 700 per sq.ft (2024)
• Bhavani Road (970/1to9, 573/1A,1B,2,3,4): Rs 1,200 per sq.ft (2024)
• Bhavani Road (Market to Three Carner Road ) (970/1to8,968/1to6): Rs 1,200 per sq.ft (2024)
• Bhavani Road to Weekly Market (570/1to8,568/1to6): Rs 900 per sq.ft (2024)
• Bhavani Road Weekly Market to Perumpallam Odai (566/2to12): Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Barpar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total to 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 Barpar Thottam?

The Sub Registrar Office covering Barpar Thottam is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kavundapadi. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Barpar Thottam?

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

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 106 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then dropping to Rs 402 per sq.ft in 2017, and remaining at Rs 600 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for properties in Barpar Thottam?

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 property registrations in Barpar Thottam?

The Kavundapadi Sub Registrar Office handles property registrations in Barpar Thottam, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore.

What is the land classification of Barpar Thottam?

Barpar Thottam is classified as Residential Class I Type - II, indicating its suitability for residential development.