Guideline Value for Bharathi Road Main

Bharathi Road Main guideline value

The current guideline value of Bharathi Road Main is Rs 3,100 per sq.ft. This street is located in Ward-9 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathi Road Main has changed

The guideline value for Bharathi Road Main has seen several revisions over the years. The 2007 revision set the value at Rs 1,050 per sq.ft, which increased to Rs 2,800 per sq.ft in 2012. However, this figure dropped to Rs 1,876 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,800 per sq.ft, and the latest revision in 2024 has set it at Rs 3,100 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

In terms of percentage changes, the value increased by 167% from 2007 to 2012, then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%, followed by an 11% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 195%.

Guideline values in Ward-9

In Ward-9, there are 73 streets that carry a 2024 guideline value, ranging from Rs 1,550 to Rs 10,000 per sq.ft, with a median value of Rs 4,200 per sq.ft. Bharathi Road Main's 2024 figure of Rs 3,100 per sq.ft is below this median.

• Balasundaram Road Main: Rs 7,900 per sq.ft (2024)
• Balasundaram Road Lane: Rs 7,900 per sq.ft (2024)
• A.T.T Colony I Main: Rs 4,600 per sq.ft (2024)
• A.T.T Colony II Main: Rs 4,600 per sq.ft (2024)
• Brookebond Layout Lane: Rs 3,100 per sq.ft (2024)
• Ansari Street Main: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Road Main

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty, charged at 7%, would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Road Main?

The Sub Registrar Office that covers Bharathi Road Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-9

When buying or selling property in Ward-9, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that must be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

The guideline value is set by the Registration Department and is updated periodically. It serves as a reference point for property transactions, helping to maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bharathi Road Main?

The current guideline value of Bharathi Road Main is Rs 3,100 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 1,050 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, marking an overall increase of 195% over this period.

What is the land classification for Bharathi Road Main?

Bharathi Road Main is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property on Bharathi Road Main?

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Where can I find the Sub Registrar Office for Bharathi Road Main?

The Sub Registrar Office for Bharathi Road Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.