Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street in Pattanam village under the Singanallur SRO is Rs 415 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has undergone several revisions over the years. The earliest recorded value was Rs 375 per sq.ft in 2012. This value then decreased to Rs 251 per sq.ft in 2017. Following this, the value increased significantly to Rs 375 per sq.ft in 2023, and finally to Rs 415 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Pattanam

In Pattanam village, there are 220 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 1,815 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which means Bharathi Street's 2024 figure is above that median.

• Bharathiyar Nagar: Rs 220 per sq.ft (2024)
• Bethel nagar: Rs 220 per sq.ft (2024)
• Balan Nagar: Rs 165 per sq.ft (2024)
• Bagavathiamman kovil Street: Rs 220 per sq.ft (2024)
• Astalakshmi Nagar: Rs 330 per sq.ft (2024)
• A S Nagar Extension: Rs 500 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 415 per sq.ft, the total guideline value would be Rs 4,15,000. The stamp duty at 7% would amount to Rs 29,050, and the registration fee at 2% would be Rs 8,300, bringing the total to Rs 37,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Pattanam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. This ensures that the transaction is recorded accurately and in compliance with local regulations.

When a property is sold, the guideline value is considered to ensure that the sale price is reflective of the current market conditions. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 415 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2012 to Rs 251 per sq.ft in 2017, then to Rs 375 per sq.ft in 2023, and finally to Rs 415 per sq.ft in 2024.

What is the land classification for Bharathi Street?

The land classification for Bharathi Street is Residential Special Type - II.

Where can I find the registration office for Bharathi Street?

The registration office for Bharathi Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

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

The stamp duty is calculated based on the higher of the guideline value or the sale price. For a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 29,050.