Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street is Rs 1,150 per sq.ft, effective from 1 July 2024. This street is located in Ward 5 village under the Pollachi SRO, and is classified as Residential Special 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 745 per sq.ft, which increased to Rs 1,150 per sq.ft in 2012, marking a rise of 54%. However, from 2012 to 2017, the value decreased to Rs 770 per sq.ft, a decline of 33%. Subsequently, the value increased significantly by 49% to Rs 1,150 per sq.ft in 2023, and has remained the same through to the 2024 revision.

The revisions for the years 2002 and 2003 do not have any figures recorded for Bharathi Street. Overall, from 2007 to 2024, the guideline value has increased by 54%.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft. The median value is Rs 1,150 per sq.ft, which is the same as the guideline value for Bharathi Street.

• Bioscope Road (Sellam Takies Street): Rs 1,175 per sq.ft (2024)
• Banglow Road: Rs 2,500 per sq.ft (2024)
• BalaSubramanian Street: Rs 1,250 per sq.ft (2024)
• Balagopalapuram Street: Rs 1,250 per sq.ft (2024)
• A.S.D.Puram: Rs 911 per sq.ft (2024)
• Arumugam Lay out / Nagar (A.K.Pani Gardens): Rs 911 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,150 per sq.ft, the guideline value amounts to Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, while the registration fee at 2% would be Rs 23,000, totaling Rs 1,03,500. Please 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 Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 5

The guideline value is an essential factor when registering property transactions in Ward 5. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring compliance with local regulations. It is crucial for both parties to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 1,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 745 per sq.ft in 2007 to Rs 1,150 per sq.ft in 2012, then decreased to Rs 770 per sq.ft in 2017, and increased to Rs 1,150 per sq.ft in 2023 and 2024.

What is the land classification for Bharathi Street?

Bharathi Street is classified as Residential Special Type - I.

Where can I find the Pollachi Sub Registrar Office?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is the stamp duty calculated for properties in Bharathi Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 1,150 per sq.ft, the total stamp duty would be Rs 80,500.