Guideline Value for Bharathidhasan Street

Bharathidhasan Street guideline value

The current guideline value of Bharathidhasan Street is Rs 780 per sq.ft, effective from 1 July 2024. This street is located in Punjaipuliampatti village, under the Punchaipuliyampatti SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathidhasan Street has changed

The guideline value for Bharathidhasan Street has seen several revisions over the years. In the 2007 revision, the value was Rs 95 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it dropped to Rs 469 per sq.ft in the 2017 revision before rising to Rs 700 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 780 per sq.ft, marking an 11% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 721%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 1,680 per sq.ft. The median guideline value is Rs 780 per sq.ft, which is equal to the current value of Bharathidhasan Street.

• Bharathi Street: Rs 780 per sq.ft (2024)
• Balasubramaniam Street: Rs 1,120 per sq.ft (2024)
• Awvai Street: Rs 560 per sq.ft (2024)
• Avinashi Road: Rs 335 per sq.ft (2024)
• Arijana Colony: Rs 335 per sq.ft (2024)
• Anna Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidhasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, bringing the total charges to Rs 70,200. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Bharathidhasan Street?

The Sub Registrar Office that covers Bharathidhasan Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjaipuliampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Punjaipuliampatti. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidhasan Street?

The current guideline value of Bharathidhasan Street is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 95 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, reflecting an overall increase of 721% over this period.

What are the stamp duty and registration fees for properties on Bharathidhasan Street?

For a 1,000 sq.ft plot, the total guideline value would be Rs 7,80,000. The stamp duty would be Rs 54,600 and the registration fee would be Rs 15,600, totaling Rs 70,200.

Which office handles property registrations for Bharathidhasan Street?

The Punchaipuliyampatti Sub Registrar Office handles property registrations for Bharathidhasan Street, located at Chathiram Road, Bus Stand Back Side, Punjaipuliampatti-638459, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the correct amount of revenue is collected by the government based on the higher of the guideline value or the sale price.