Guideline Value for Bharathipuram Huts

Bharathipuram Huts guideline value

The current guideline value of Bharathipuram Huts is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Ward 10 under the Peelamedu SRO and is classified as Residential Class II Type - I.

How the guideline value of Bharathipuram Huts has changed

The guideline value for Bharathipuram Huts has undergone several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 71%. However, between 2012 and 2017, the value decreased by 33% to Rs 804 per sq.ft. Following this, the 2017 revision saw a substantial increase of 49%, bringing the value to Rs 1,200 per sq.ft in 2023.

The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median guideline value in this ward is Rs 2,200 per sq.ft, placing Bharathipuram Huts' 2024 figure below that median.

• Bharathipuram Road: Rs 1,320 per sq.ft (2024)
• Bharathiyar Road: Rs 3,850 per sq.ft (2024)
• Bhemanarayanan Street (or) Layout: Rs 1,980 per sq.ft (2024)
• Bazar Street: Rs 2,200 per sq.ft (2024)
• Black Marayamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Balasundaram Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathipuram Huts

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that the 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 Bharathipuram Huts?

The Peelamedu Sub Registrar Office covers Bharathipuram Huts, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Ward 10

The guideline value is a critical factor in property transactions within Ward 10, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the guideline value will be used to calculate applicable stamp duty and registration fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Bharathipuram Huts?

The current guideline value of Bharathipuram Huts is Rs 1,320 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 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 89% over the years.

What are the stamp duty and registration fees for property in Bharathipuram Huts?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800 for these fees.

Which office handles registrations for Bharathipuram Huts?

The Peelamedu Sub Registrar Office handles registrations for Bharathipuram Huts, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the guideline value determined for properties in Ward 10?

The guideline value for properties in Ward 10 is determined by the Registration Department's guideline value register, which is revised periodically based on various factors.