Guideline Value for Bharathi Street 126 (1TO43)

Bharathi Street 126 (1TO43) guideline value

The current guideline value of Bharathi Street 126 (1TO43) is Rs 200 per sq.ft. This street is located in Periyakodiveri village, under the Thookanaicken Palayam SRO, and is classified as Residential Class III Type - V.

How the guideline value of Bharathi Street 126 (1TO43) has changed

The guideline value for Bharathi Street 126 (1TO43) has undergone several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 50 per sq.ft. This increased to Rs 65 per sq.ft in 2007, followed by a significant rise to Rs 190 per sq.ft in 2012. However, there was a decrease to Rs 127 per sq.ft in the 2017 revision. The most recent revisions show that the guideline value remained at Rs 200 per sq.ft for both 2023 and the upcoming 2024 revision, effective from 1 July 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 57%. The jump from 2007 to 2012 saw a remarkable increase of 192%, while the transition from 2003 to 2007 resulted in a 30% increase. Overall, from 2003 to 2024, the guideline value has risen by 300%.

Guideline values in Periyakodiveri

In Periyakodiveri, there are 19 streets under the Thookanaicken Palayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 225 per sq.ft, with the median being Rs 200 per sq.ft. Bharathi Street 126 (1TO43) is positioned at this median value.

• Ayyar Street 31: Rs 200 per sq.ft (2024)
• Devantharan Street 91 (5): Rs 200 per sq.ft (2024)
• Akrakara Street 271: Rs 200 per sq.ft (2024)
• Kallipatti Street (251/1,3): Rs 200 per sq.ft (2024)
• Kamarajar Street 126/1 to 43, 129/1 to 13, 262: Rs 200 per sq.ft (2024)
• Mariamman Koil Street (148/1,3,4, 232): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street 126 (1TO43)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. 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 for more details.

Which Sub Registrar Office covers Bharathi Street 126 (1TO43)?

The Sub Registrar Office that covers Bharathi Street 126 (1TO43) is the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyakodiveri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Bharathi Street 126 (1TO43)?

The current guideline value of Bharathi Street 126 (1TO43) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 50 per sq.ft in 2003 to Rs 200 per sq.ft in 2024. The most significant change occurred between 2007 and 2012, where it increased by 192%.

What is the land classification for Bharathi Street 126 (1TO43)?

Bharathi Street 126 (1TO43) is classified as Residential Class III Type - V. This classification affects the guideline value and usage of the property.

Where can I find the Sub Registrar Office for Bharathi Street 126 (1TO43)?

The Sub Registrar Office for Bharathi Street 126 (1TO43) is the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone.

How is stamp duty calculated for properties in Bharathi Street 126 (1TO43)?

Stamp duty for properties in Bharathi Street 126 (1TO43) is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 18,000 in fees.