Guideline Value for Bharathi Street 187

Bharathi Street 187 guideline value

The current guideline value of Bharathi Street 187 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Sendrayampalayam village, under the Thookanaicken Palayam SRO, and falls under the Residential Class III Type - V land classification.

How the guideline value of Bharathi Street 187 has changed

The guideline value for Bharathi Street 187 has seen several revisions over the years. In the 2003 revision, the value was Rs 28 per sq.ft, which increased to Rs 45 per sq.ft in 2007. The 2012 revision set the value at Rs 130 per sq.ft, followed by a decrease to Rs 87 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both list the value at Rs 200 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 130%. The 2012 to 2017 revision saw a decrease of 33%, while the 2007 to 2012 revision showed a significant increase of 189%. Between 2003 and 2007, the value rose by 61%. Overall, from 2003 to 2024, the guideline value has increased by 614%.

Guideline values in Sendrayampalayam

In Sendrayampalayam, there are 13 streets under the Thookanaicken Palayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 220 per sq.ft. The median value is Rs 200 per sq.ft, making Bharathi Street 187's value equal to this median.

• Arsana Conoly 28 (2): Rs 200 per sq.ft (2024)
• Gandhi Street 15 (2), 187: Rs 200 per sq.ft (2024)
• kamaraj Street 37,38,39/1to 45: Rs 200 per sq.ft (2024)
• Mariamman Koil Street 187: Rs 200 per sq.ft (2024)
• Nehru Street 187,30: Rs 200 per sq.ft (2024)
• Nethaji Street 39 (1to45): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street 187

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be 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, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Street 187?

The Sub Registrar Office covering Bharathi Street 187 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 Sendrayampalayam

The guideline value plays a crucial role in the registration process of property transactions in Sendrayampalayam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi Street 187?

The current guideline value of Bharathi Street 187 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 significantly from Rs 28 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, marking an overall increase of 614% over the years.

What is the land classification for Bharathi Street 187?

Bharathi Street 187 is classified as Residential Class III Type - V.

Where can I find the registration office for Bharathi Street 187?

The registration office for Bharathi Street 187 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 the stamp duty calculated for properties in Sendrayampalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.