Guideline Value for Bharathiar Street

Bharathiar Street guideline value

The current guideline value of Bharathiar Street in Kavundampalayam village is Rs 1,015 per sq.ft, effective from 1 July 2024. This street falls under the Vadavalli SRO and is classified as Residential Class I Type - III.

How the guideline value of Bharathiar Street has changed

Over the years, the guideline value of Bharathiar Street has seen several revisions. The most recent revision in 2024 set the value at Rs 1,015 per sq.ft, which is an increase from Rs 1,000 per sq.ft in 2023, marking a change of +2%. Prior to this, the 2017 revision recorded a value of Rs 469 per sq.ft, reflecting a significant increase of +113% from the 2017 figure to the 2023 figure. The 2012 revision had a guideline value of Rs 700 per sq.ft, which was a decrease of -33% compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +45%.

It is important to note that there are no recorded figures for Bharathiar Street in the revisions for the years 2002, 2003, and 2007.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, placing Bharathiar Street's 2024 value above this median.

• Bharathi Nagar: Rs 1,320 per sq.ft (2024)
• Bavani Street - Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bavani Street: Rs 1,015 per sq.ft (2024)
• Bharathi Nagar (Ward 1): Rs 1,325 per sq.ft (2024)
• Barani Street-Devanga Nagar: Rs 1,000 per sq.ft (2024)
• Barani Street: Rs 1,000 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 1,015 per sq.ft, the total guideline value amounts to Rs 10,15,000. The stamp duty at 7% would be Rs 71,050, and the registration fee at 2% would be Rs 20,300, bringing the total cost for these fees to Rs 91,350. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Street?

The Bharathiar Street is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the minimum sale price of the property, ensuring that the transaction is recorded at a fair value in the eyes of the Registration Department.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the actual sale price, whichever is higher, making it essential to understand the current guideline value in the area.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 1,015 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,015 per sq.ft in 2024, reflecting an overall increase of +45% over this period.

What are the other streets in Kavundampalayam with their guideline values?

Other streets in Kavundampalayam include Bharathi Nagar at Rs 1,320 per sq.ft, Bavani Street - Gandhi Nagar at Rs 1,000 per sq.ft, and Bharathi Nagar (Ward 1) at Rs 1,325 per sq.ft, among others.

What fees are applicable when buying property in Bharathiar Street?

When buying property in Bharathiar Street, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathiar Street located?

The Sub Registrar Office for Bharathiar Street is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, under the Vadavalli registration zone.