Guideline Value for Bharathi 2nd street

Bharathi 2nd street guideline value

The current guideline value of Bharathi 2nd 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, classified as Residential Class V Type - I.

How the guideline value of Bharathi 2nd street has changed

The guideline value for Bharathi 2nd street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 701 per sq.ft, which is an increase from Rs 700 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 218 per sq.ft, marking a significant increase of 221% from 2017 to 2023. The 2012 revision had a value of Rs 325 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 116%.

The register has no figures for the years 2002, 2003, and 2007 for Bharathi 2nd street. Thus, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Ward - A

In Ward - A, there are a total of 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. Bharathi 2nd street's 2024 figure is below this median.

• Bharathi 1st 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 2nd 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, resulting in a total of Rs 63,090. 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 precise calculations.

Which Sub Registrar Office covers Bharathi 2nd street?

The Bharathi 2nd 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

The guideline value is a crucial factor during the registration process of property transactions in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the official value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Bharathi 2nd street?

The current guideline value of Bharathi 2nd 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%. The most recent revision was from Rs 700 per sq.ft in 2023 to Rs 701 per sq.ft in 2024.

What is the land classification for Bharathi 2nd street?

Bharathi 2nd street is classified as Residential Class V Type - I under the Tiruppur Joint II SRO.

What are the stamp duty and registration fees for a property in Bharathi 2nd street?

For a property of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 7,01,000. The stamp duty would be Rs 49,070, and the registration fee would be Rs 14,020, resulting in a total of Rs 63,090.

Which office handles registrations for Bharathi 2nd street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Bharathi 2nd street. The office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.