Guideline Value for Bharathi street

Bharathi street guideline value

The current guideline value of Bharathi street in Ottarpalayam village is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Singanallur SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathi street has changed

The guideline value for Bharathi street has seen several revisions over the years. In 2003, the guideline value was Rs 45 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a 1567% rise. However, it then decreased to Rs 502 per sq.ft in 2017, a drop of 33%. Following this, the value rose to Rs 750 per sq.ft in 2023, and finally, it reached Rs 825 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2007 for Bharathi street. Overall, from 2003 to 2024, the guideline value has increased by 1733%.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft. The median value for these streets is Rs 495 per sq.ft, placing Bharathi street's 2024 figure above this median.

• Bharathipuram extension (129/1B): Rs 495 per sq.ft (2024)
• Balagi nagar (19/1H): Rs 495 per sq.ft (2024)
• Avarankodi thoppu (77/3): Rs 385 per sq.ft (2024)
• Arunthathiyar Street: Rs 255 per sq.ft (2024)
• Arunagirinathar Street (122): Rs 495 per sq.ft (2024)
• Arul Murugan Nagar (382): Rs 825 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 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the 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, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ottarpalayam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall costs associated with the transaction. Proper understanding of these values ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi street?

The current guideline value of Bharathi street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2003 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 1733% over the years.

What is the land classification for Bharathi street?

Bharathi street is classified as Residential Class I Type - I, which indicates its intended use for residential purposes.

What is the stamp duty rate applicable to properties in Bharathi street?

The stamp duty rate applicable to properties in Bharathi street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi street located?

The Sub Registrar Office for Bharathi street is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.