Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street is Rs 780 per sq.ft, effective from 1 July 2024. This street is located in Punjaipuliampatti village, under the Punchaipuliyampatti SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathi Street has changed

Over the years, the guideline value of Bharathi Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 95 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a rise of 637%. However, the value dropped to Rs 469 per sq.ft in 2017, a decrease of 33%. The most recent revisions show that the guideline value rose to Rs 700 per sq.ft in 2023 and further increased to Rs 780 per sq.ft in 2024, reflecting an 11% increase.

The register has no figures for Bharathi Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 721%.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 1,680 per sq.ft. The median guideline value for these streets is Rs 780 per sq.ft, which is equal to the 2024 figure for Bharathi Street.

• Bharathidhasan Street: Rs 780 per sq.ft (2024)
• Balasubramaniam Street: Rs 1,120 per sq.ft (2024)
• Awvai Street: Rs 560 per sq.ft (2024)
• Avinashi Road: Rs 335 per sq.ft (2024)
• Arijana Colony: Rs 335 per sq.ft (2024)
• Anna Street: Rs 780 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 780 per sq.ft, the total guideline value amounts to Rs 7,80,000. The stamp duty is charged at 7%, which totals Rs 54,600, while the registration fee is charged at 2%, amounting to Rs 15,600. Together, the total cost for these fees would be Rs 70,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Street?

The Sub Registrar Office that covers Bharathi Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Punjaipuliampatti. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 780 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 95 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, marking an overall increase of 721% over this period.

What is the median guideline value for streets in Punjaipuliampatti?

The median guideline value for streets in Punjaipuliampatti is Rs 780 per sq.ft, which is the same as the current value for Bharathi Street.

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

For a property valued at Rs 7,80,000, the stamp duty is Rs 54,600 and the registration fee is Rs 15,600, totaling Rs 70,200.

Which office handles property registrations for Bharathi Street?

The Punchaipuliyampatti Sub Registrar Office handles property registrations for Bharathi Street, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.