Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur village under the Gandhipuram SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

Between 2007 and 2012, the guideline value increased by 300%. However, from 2012 to 2017, there was a decrease of 33%. The value then surged by 87% from 2017 to 2023, and has increased by 10% from 2023 to 2024. Overall, the guideline value has risen by 450% from 2007 to 2024.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Bharathi Street's current value below that median.

• Bharathi park Road Cross 7: Rs 2,240 per sq.ft (2024)
• Bharathi Park Road Cross 6: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 5: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 4: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 3: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 2: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. 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?

The Sub Registrar Office covering Bharathi Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Sanganur, the guideline value plays a crucial role in determining the stamp duty and registration fees applicable to the transaction. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. Therefore, it is essential to verify the current guideline value to ensure compliance with registration requirements and to accurately calculate the associated fees.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 1,100 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the median guideline value for streets in Sanganur?

The median guideline value for streets in Sanganur is Rs 1,120 per sq.ft, which is higher than the current value of Bharathi Street.

What are the stamp duty and registration fees for Bharathi Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for Bharathi Street?

The Sub Registrar Office for Bharathi Street is located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.