Guideline Value for Bharathi 1st street

Bharathi 1st street guideline value

The current guideline value of Bharathi 1st street is Rs 701 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village under the Tiruppur Joint II SRO and falls under the Residential Class V Type - I land classification.

How the guideline value of Bharathi 1st street has changed

The guideline value for Bharathi 1st street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 325 per sq.ft. This increased to Rs 218 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting a significant increase of 221%. The latest revision in 2024 has set the guideline value at Rs 701 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Bharathi 1st street. Overall, from 2012 to 2024, the guideline value has increased by 116%.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft. The median value for these streets is Rs 709 per sq.ft, indicating that Bharathi 1st street's 2024 figure is below this median.

• Bharathi 2nd street: Rs 701 per sq.ft (2024)
• Bharathi 3rd street: Rs 701 per sq.ft (2024)
• Bharathidasan Nagar: Rs 701 per sq.ft (2024)
• Bharathi Nagar: Rs 707 per sq.ft (2024)
• Bharathi Nagar 1st West Street: Rs 707 per sq.ft (2024)
• Bharathipuram: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total cost to Rs 63,090. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi 1st street?

The Bharathi 1st street is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - A

When buying or selling property in Ward - A, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official rates set by the government.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. The guideline value serves as a benchmark for property transactions, ensuring transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Bharathi 1st street?

The current guideline value of Bharathi 1st street is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2012 to Rs 701 per sq.ft in 2024, reflecting an overall increase of 116% over the period.

What was the guideline value in 2017?

The guideline value for Bharathi 1st street in 2017 was Rs 218 per sq.ft.

What are the registration fees for a property in Bharathi 1st street?

The registration fees for a property in Bharathi 1st street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Bharathi 1st street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Bharathi 1st street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.