Guideline Value for Bharathi street (11/2,3)

Bharathi street (11/2,3) guideline value

The current guideline value of Bharathi street (11/2,3) in Aapakudal village, under the Kavundapadi SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - II.

How the guideline value of Bharathi street (11/2,3) has changed

Looking back at the revisions, the guideline value for Bharathi street (11/2,3) has seen various changes over the years. The 2007 revision set the value at Rs 30 per sq.ft, which then increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a remarkable increase of 900%. In the 2017 revision, the value was adjusted to Rs 201 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 900%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Aapakudal

Aapakudal village has 51 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 508 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Bharathi street (11/2,3) above this median.

• Bhavani Road southside (269/1,336/3A,3B,336/6A,6B,369/1): Rs 400 per sq.ft (2024)
• Bhavani Road to Sathy Road Anthiyur Road Four Road (14/8,9,10,11,12,13,15,27/12,16,17,21,22,28/6,7,12,13,19,20,51/1 to 8,56/1 to 15,60/1,2,3,4,9): Rs 400 per sq.ft (2024)
• Arthanari Street (414,415/2): Rs 275 per sq.ft (2024)
• Appakkodal Kamaraj Street (415/1): Rs 275 per sq.ft (2024)
• Anthiyur Main Road (44/3,52/11,12): Rs 400 per sq.ft (2024)
• Chenguttai Road (47/7,50/8,87/3): Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi street (11/2,3)

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi street (11/2,3)?

The Sub Registrar Office that covers Bharathi street (11/2,3) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Aapakudal. It serves as the base value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Bharathi street (11/2,3)?

The current guideline value of Bharathi street (11/2,3) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Bharathi street (11/2,3)?

Bharathi street (11/2,3) is classified as Commercial Class I Type - II.

What are the other streets in Aapakudal with guideline values?

Other streets in Aapakudal include Bhavani Road southside, Bhavani Road to Sathy Road Anthiyur Road Four Road, Arthanari Street, Appakkodal Kamaraj Street, Anthiyur Main Road, and Chenguttai Road, each with varying guideline values.

Where is the Kavundapadi Sub Registrar Office located?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.