Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street in Kavundampalayam village, under the Vadavalli SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value back to Rs 1,000 per sq.ft. The 2023 revision maintained this value, resulting in a 0% change from 2023 to 2024.

It is important to note that there are no figures available for Bharathi Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Bharathi Street.

• Bharathi Nagar (Ward 1): Rs 1,325 per sq.ft (2024)
• Bharathi Nagar: Rs 1,320 per sq.ft (2024)
• Bharathiar Street: Rs 1,015 per sq.ft (2024)
• Bavani Street - Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bavani Street: Rs 1,015 per sq.ft (2024)
• Barani Street-Devanga Nagar: Rs 1,000 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees together Rs 90,000. It is important to note that the 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 Bharathi Street falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees payable during the registration of property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is based on a fair valuation of the property.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Bharathi Street?

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

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

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 of the property. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.