Guideline Value for Bharathi street

Bharathi street guideline value

The current guideline value of Bharathi street in Lakkampatti village is Rs 250 per sq.ft. This value is set by the Gobichettipalayam Joint I SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Bharathi street has changed

The guideline value for Bharathi street has undergone several revisions over the years. In 2002, the value was Rs 60 per sq.ft, which increased to Rs 67 per sq.ft in 2003, marking a change of +12%. The value further rose to Rs 75 per sq.ft in 2007, reflecting an increase of +12%. By 2012, the value reached Rs 250 per sq.ft, a significant jump of +233%. However, this value saw a decrease of -33% to Rs 167 per sq.ft in 2017. The 2023 revision maintained the value at Rs 250 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

Overall, from 2002 to 2024, the guideline value for Bharathi street has increased by +317%. There are no figures available for the revisions in years other than those specified above.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 275 per sq.ft, positioning Bharathi street's 2024 figure below that median.

• Bharath Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Bangalow pudur Road: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Baharathi Nagar Extension: Rs 300 per sq.ft (2024)
• Aviayar Street (84): Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi street

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 street?

The Bharathi street falls under the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Lakkampatti. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded at a value that reflects the official rates set by the registration department. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Bharathi street?

The current guideline value of Bharathi street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathi street has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft, the same as in 2023.

What is the land classification for Bharathi street?

Bharathi street falls under the Residential Class I Type - II land classification as per the guidelines set by the Gobichettipalayam Joint I SRO.

Where can I find the registration office for Bharathi street?

The Gobichettipalayam Joint I Sub Registrar Office covers Bharathi street, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is stamp duty calculated for property in Bharathi street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.