Guideline Value for Bharath Bavanam Road

Bharath Bavanam Road guideline value

The current guideline value of Bharath Bavanam Road is Rs 600 per sq.ft, effective from 1 July 2024. This road is located in Mettupalayam village, which falls under the Mettupalayam Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Bharath Bavanam Road has changed

Since the 2002 revision, the guideline value for Bharath Bavanam Road has seen significant changes. The 2002 revision set the value at Rs 137 per sq.ft, which increased to Rs 154 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 285 per sq.ft in 2007, reflecting an 85% increase from the previous figure. In 2012, the value reached Rs 600 per sq.ft, showing a substantial 111% increase. However, it dropped back to Rs 402 per sq.ft in 2017, a decrease of 33% from the 2012 figure. The guideline value remained at Rs 600 per sq.ft during the 2023 revision and continues at this rate in 2024, indicating no change between these two years.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 338%. 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. The median guideline value for these streets is Rs 700 per sq.ft, making the guideline value of Bharath Bavanam Road below this median.

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

Stamp duty and registration fee for property in Bharath Bavanam Road

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, and the registration fee at 2% would be Rs 12,000. Together, the total cost for stamp duty and registration would be 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 information.

Which Sub Registrar Office covers Bharath Bavanam Road?

The Sub Registrar Office covering Bharath Bavanam Road is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Mettupalayam. 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.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value of Bharath Bavanam Road?

The current guideline value of Bharath Bavanam Road 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 137 per sq.ft in 2002 to Rs 600 per sq.ft in 2024, reflecting an overall increase of 338% over the years.

What is the median guideline value in Mettupalayam?

The median guideline value for streets in Mettupalayam is Rs 700 per sq.ft, with Bharath Bavanam Road's value being below this median.

What are the stamp duty and registration fees for property in Bharath Bavanam Road?

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.

Where is the Sub Registrar Office for Bharath Bavanam Road located?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.