Guideline Value for Bharathiyar Nagar IInd Street

Bharathiyar Nagar IInd Street guideline value

The current guideline value of Bharathiyar Nagar IInd 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, classified as Residential Class I Type - I.

How the guideline value of Bharathiyar Nagar IInd Street has changed

The guideline value for Bharathiyar Nagar IInd Street has seen several revisions over the years. The 2007 revision set the value at Rs 495 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The subsequent revisions saw an increase to Rs 700 per sq.ft in 2023, followed by a slight rise to Rs 705 per sq.ft in 2024, marking a change of +1% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 42%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, making the current value of Bharathiyar Nagar IInd Street below the median.

• Bharathiyar Nagar Ist Street: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar 4th Street: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar 3rd 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 IInd Street

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

The Bharathiyar Nagar IInd Street falls under 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 is an essential reference for determining the value of property transactions in Ward - O. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is registered at a fair value as per government regulations.

It is critical for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. This value is updated periodically to reflect changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Bharathiyar Nagar IInd Street?

The current guideline value of Bharathiyar Nagar IInd 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, reflecting an overall increase of 42% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,05,000, the stamp duty would be Rs 49,350 and the registration fee would be Rs 14,100, totaling Rs 63,450.

Which office handles the registration for Bharathiyar Nagar IInd Street?

The registration for Bharathiyar Nagar IInd Street is handled by the Tiruppur Joint II Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the median guideline value in Ward - O?

The median guideline value in Ward - O is Rs 880 per sq.ft, which is above the current value of Bharathiyar Nagar IInd Street.