Guideline Value for Bharathiyar Nagar 3rd Street

Bharathiyar Nagar 3rd Street guideline value

The current guideline value of Bharathiyar Nagar 3rd Street is Rs 705 per sq.ft, effective from 1 July 2024. This street is located in Ward - O village under the Tiruppur Joint II SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathiyar Nagar 3rd Street has changed

The guideline value of Bharathiyar Nagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 495 per sq.ft. This increased to Rs 700 per sq.ft in 2012, marking a 41% rise. However, by 2017, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value then climbed significantly to Rs 700 per sq.ft in 2023, and further increased to Rs 705 per sq.ft in 2024, reflecting a 1% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 42%. The register has no figures for the years 2002 and 2003 regarding this street.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of Bharathiyar Nagar 3rd Street is below this median.

• Bharathiyar Nagar 4th Street: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar IInd Street: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar Ist Street: Rs 705 per sq.ft (2024)
• B.K.R Colony: Rs 935 per sq.ft (2024)
• B.K.R Colony 6th Street: Rs 935 per sq.ft (2024)
• B.K.R.Colony IInd Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total to Rs 63,450. 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 details.

Which Sub Registrar Office covers Bharathiyar Nagar 3rd Street?

The Bharathiyar Nagar 3rd Street is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - O

The guideline value plays a crucial role when buying or selling property in Ward - O. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When a property is sold, the guideline value is referenced to establish the minimum value for which the property can be registered. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

Frequently asked questions

What is the current guideline value of Bharathiyar Nagar 3rd Street?

The current guideline value of Bharathiyar Nagar 3rd Street is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, with various revisions in between, including a drop in 2017.

What are the stamp duty and registration fees for property in Bharathiyar Nagar 3rd Street?

For a 1,000 sq.ft plot, the guideline value would be Rs 7,05,000, with a stamp duty of Rs 49,350 and a registration fee of Rs 14,100, totaling Rs 63,450.

Which Sub Registrar Office covers Bharathiyar Nagar 3rd Street?

The Tiruppur Joint II Sub Registrar Office covers Bharathiyar Nagar 3rd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Bharathiyar Nagar 3rd Street?

Bharathiyar Nagar 3rd Street falls under the Residential Class I Type - I land classification.