Guideline Value for Bharathi Puram

Bharathi Puram guideline value

The current guideline value of Bharathi Puram, located in Uppilipalayam village under the Singanallur SRO, is Rs 1,120 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Bharathi Puram has changed

Over the years, the guideline value for Bharathi Puram has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. However, the value increased to Rs 1,000 per sq.ft again in 2023, and the latest revision in 2024 has raised it to Rs 1,120 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The transition from 2023 to 2024 saw a rise of 12%. Overall, when comparing the 2012 revision to the current 2024 figure, there has been a 12% increase in the guideline value.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for the area is Rs 1,232 per sq.ft, placing Bharathi Puram's 2024 figure below this median.

• Bharathi road: Rs 1,232 per sq.ft (2024)
• Bharathi nagar ( N K palayam): Rs 1,232 per sq.ft (2024)
• Bharathi Nagar Kamaraj Road: Rs 1,680 per sq.ft (2024)
• Bharathi nagar: Rs 1,456 per sq.ft (2024)
• Bharath nagar (N K Palayam): Rs 1,232 per sq.ft (2024)
• Bharathidasan Nagar: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total cost for these fees to Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Puram?

Bharathi Puram falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uppilipalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must adhere to this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Bharathi Puram?

The current guideline value of Bharathi Puram is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 in 2012 to Rs 670 in 2017, then back to Rs 1,000 in 2023, and finally to Rs 1,120 in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification of Bharathi Puram?

Bharathi Puram is classified as Residential Class I Type - III. This classification is important for determining the appropriate uses and regulations for properties in the area.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. This office handles the registration of properties in Bharathi Puram and surrounding areas.

How is stamp duty calculated for properties in Bharathi Puram?

Stamp duty for properties in Bharathi Puram is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 at a rate of 7%.