Guideline Value for Bharathipuram extension (129/1B)

Bharathipuram extension (129/1B) guideline value

The current guideline value for Bharathipuram extension (129/1B) is Rs 495 per sq.ft, effective from 1 July 2024. This property is located in Ottarpalayam village, under the jurisdiction of the Singanallur SRO, and is classified as Mixed Type - I.

How the guideline value of Bharathipuram extension (129/1B) has changed

The guideline value for Bharathipuram extension (129/1B) has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 99 per sq.ft. This value increased significantly to Rs 450 per sq.ft in 2012, marking a rise of 355%. However, it decreased to Rs 301 per sq.ft in 2017, reflecting a reduction of 33%. The value then rose sharply to Rs 450 per sq.ft in 2023, which was a 50% increase. Finally, the current guideline value as of 2024 is Rs 495 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO that carry 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, which is equal to the current guideline value for Bharathipuram extension (129/1B).

• Bharathi street: Rs 825 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 Bharathipuram extension (129/1B)

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value amounts to Rs 4,95,000. The stamp duty at 7% would be Rs 34,650, and the registration fee at 2% would be Rs 9,900, bringing the total cost for these fees to Rs 44,550. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathipuram extension (129/1B)?

The Sub Registrar Office that covers Bharathipuram extension (129/1B) 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 plays a crucial role during property registration in Ottarpalayam. It is used to determine the stamp duty and registration fees that must be paid when a property transaction takes place. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When registering a property, the guideline value is assessed to calculate the applicable fees. This ensures that the government receives the correct amount based on the established rates for the area, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for Bharathipuram extension (129/1B)?

The current guideline value for Bharathipuram extension (129/1B) is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 99 per sq.ft in 2007 to Rs 495 per sq.ft in 2024, showing an overall increase of 400% over the years.

What are the stamp duty and registration fees for properties in Bharathipuram extension (129/1B)?

For a 1,000 sq.ft plot valued at Rs 4,95,000, the stamp duty would be Rs 34,650 and the registration fee would be Rs 9,900, totaling Rs 44,550 in fees.

Which Sub Registrar Office covers this area?

The Singanallur Sub Registrar Office covers Bharathipuram extension (129/1B), located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Bharathipuram extension (129/1B)?

The land classification for Bharathipuram extension (129/1B) is Mixed Type - I.