Guideline Value for Bharathi 3rd street

Bharathi 3rd street guideline value

The current guideline value of Bharathi 3rd 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 is classified as Residential Class V Type - I.

How the guideline value of Bharathi 3rd street has changed

Looking at the revisions, the guideline value for Bharathi 3rd street has seen significant changes over the years. The 2012 revision set the value at Rs 325 per sq.ft, which then decreased to Rs 218 per sq.ft in 2017. From 2017 to 2023, the value increased substantially to Rs 700 per sq.ft, marking a 221% rise. The most recent revision in 2024 sees the value at Rs 701 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this 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 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 3rd street's 2024 figure is below this median.

• Bharathi 2nd street: Rs 701 per sq.ft (2024)
• Bharathi 1st 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 3rd 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, leading to a total cost of Rs 63,090. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Bharathi 3rd street?

The Sub Registrar Office that covers Bharathi 3rd street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 in the registration process for property transactions in Ward - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathi 3rd street?

The current guideline value of Bharathi 3rd 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% during this period.

What is the registration office for Bharathi 3rd street?

The registration office for Bharathi 3rd street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the stamp duty and registration fees for property in Bharathi 3rd street?

For a property valued at Rs 7,01,000, the stamp duty would be Rs 49,070, and the registration fee would be Rs 14,020, totaling Rs 63,090.

Are there other streets in Ward - A with similar guideline values?

Yes, there are several other streets in Ward - A with guideline values ranging from Rs 701 to Rs 707 per sq.ft, including Bharathi 1st street and Bharathi Nagar.