Guideline Value for Bharathiar Street

Bharathiar Street guideline value

The current guideline value of Bharathiar Street in Vellalore village, under the Singanallur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Bharathiar Street has changed

Over the years, the guideline value of Bharathiar Street has seen several revisions. The 2012 revision set the value at Rs 175 per sq.ft, which then decreased to Rs 117 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 200 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 220 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 71%. Overall, from 2012 to 2024, the guideline value has increased by 26%.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Bharathiar Street's 2024 figure below that median.

• Banker Street: Rs 220 per sq.ft (2024)
• Balamurugan Nagar: Rs 550 per sq.ft (2024)
• Bhuthar Street: Rs 220 per sq.ft (2024)
• Balaji Nagar: Rs 440 per sq.ft (2024)
• Bajanai koil veethy: Rs 330 per sq.ft (2024)
• Badmanabathever Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, and the registration fee at 2% would be Rs 4,400. Together, the total cost for these fees would be Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathiar Street?

The Sub Registrar Office that covers Bharathiar Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, with notable increases and decreases in between, including a decrease to Rs 117 per sq.ft in 2017.

What is the land classification of Bharathiar Street?

Bharathiar Street is classified under Residential Class II Type - III land classification.

Where can I find the Singanallur Sub Registrar Office?

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

How is stamp duty calculated for properties on Bharathiar Street?

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 2,20,000, the stamp duty would be Rs 15,400 at a rate of 7%.