Guideline Value for Bharathi Park Road 1

Bharathi Park Road 1 guideline value

The current guideline value of Bharathi Park Road 1 is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village under the Gandhipuram SRO, classified as Residential Special Type - II.

How the guideline value of Bharathi Park Road 1 has changed

Over the years, the guideline value of Bharathi Park Road 1 has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023 and is now Rs 2,800 per sq.ft as of the 2024 revision.

The changes between the revisions include a 150% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 180%. The register has no figures for the years 2002 and 2003.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft, with a median value of Rs 1,120 per sq.ft. Bharathi Park Road 1's 2024 figure is above this median.

• Bharathi Park Road 2: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 1: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 2: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 3: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 4: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 5: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Park Road 1

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that 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 Bharathi Park Road 1?

The Sub Registrar Office that covers Bharathi Park Road 1 is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sanganur. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a baseline for negotiations and ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Park Road 1?

The current guideline value of Bharathi Park Road 1 is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 180% over the years.

What is the registration office for Bharathi Park Road 1?

The registration office for Bharathi Park Road 1 is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What are the stamp duty and registration fees for a property in Bharathi Park Road 1?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

What is the land classification of Bharathi Park Road 1?

Bharathi Park Road 1 is classified as Residential Special Type - II under the land classification regulations.