Guideline Value for Bharathi Road

Bharathi Road guideline value

The current guideline value of Bharathi Road is Rs 1,000 per sq.ft. This road is located in Kumarapalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bharathi Road has changed

As per the guideline value register, there are no figures available for Bharathi Road for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

Between the 2023 and 2024 revisions, there was no percentage change, maintaining the guideline value at Rs 1,000 per sq.ft for both years.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value is Rs 1,001 per sq.ft, placing Bharathi Road's 2024 figure below this median.

• Bharathy Nagar: Rs 1,000 per sq.ft (2024)
• Bharathypark: Rs 1,000 per sq.ft (2024)
• Bharathy Street: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,002 per sq.ft (2024)
• Ayyavu Road-II: Rs 1,002 per sq.ft (2024)
• Ayyavu Road-I: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees.

Which Sub Registrar Office covers Bharathi Road?

The Sub Registrar Office covering Bharathi Road is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kumarapalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a property transaction, the guideline value helps in assessing the financial obligations involved, including the calculation of stamp duty and registration fees. This ensures transparency and compliance with local regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of Bharathi Road?

The current guideline value of Bharathi Road is Rs 1,000 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Bharathi Road for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,000 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these years.

What is the classification of land on Bharathi Road?

Bharathi Road is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for properties on Bharathi Road?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi Road located?

The Sub Registrar Office for Bharathi Road is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone.