Guideline Value for Bharathi road

Bharathi road guideline value

The current guideline value of Bharathi road in Uppilipalayam village is Rs 1,232 per sq.ft, effective from 1 July 2024. This street falls under the Singanallur SRO and is classified as Residential Class I Type - II.

How the guideline value of Bharathi road has changed

The guideline value for Bharathi road has undergone several revisions over the years. In 2012, the value was Rs 1,100 per sq.ft, which decreased to Rs 737 per sq.ft in 2017. The value then increased significantly to Rs 1,100 per sq.ft in 2023, and currently stands at Rs 1,232 per sq.ft as per the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 12%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, which is equal to the current value of Bharathi road.

• Bharathi Puram: Rs 1,120 per sq.ft (2024)
• Bharathi nagar ( N K palayam): Rs 1,232 per sq.ft (2024)
• Bharathi Nagar Kamaraj Road: Rs 1,680 per sq.ft (2024)
• Bharath nagar (N K Palayam): Rs 1,232 per sq.ft (2024)
• Bharathi nagar: Rs 1,456 per sq.ft (2024)
• Bharathidasan Nagar: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value amounts to Rs 12,32,000. The stamp duty at 7% would be Rs 86,240, and the registration fee at 2% would be Rs 24,640, bringing the total charges to Rs 1,10,880. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi road?

The Sub Registrar Office that covers Bharathi road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Uppilipalayam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathi road?

The current guideline value of Bharathi road is Rs 1,232 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and currently to Rs 1,232 per sq.ft in 2024.

What is the land classification of Bharathi road?

Bharathi road is classified as Residential Class I Type - II.

Where can I find the registration office for Bharathi road?

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

How is the stamp duty calculated for properties on Bharathi road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 12,32,000, the stamp duty at 7% would be Rs 86,240.