Guideline Value for Bharathiyar Road

Bharathiyar Road guideline value

The current guideline value of Bharathiyar Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Ward 10 village under the Peelamedu SRO and falls under the Commercial Class I Type - II land classification.

How the guideline value of Bharathiyar Road has changed

The guideline value for Bharathiyar Road has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 1,500 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 133% rise. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. Following this, the value surged to Rs 3,500 per sq.ft in 2023, reflecting a 49% increase, and has now reached Rs 3,850 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for Bharathiyar Road in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 157%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Bharathiyar Road's 2024 figure above that median.

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

Stamp duty and registration fee for property in Bharathiyar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar Road?

The Sub Registrar Office that covers Bharathiyar Road is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial element in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ward 10, the guideline value will influence the amount of stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the guideline value as it ensures compliance with legal requirements during the registration process. The guideline value also serves as a reference point for property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathiyar Road?

The current guideline value of Bharathiyar Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What is the land classification for Bharathiyar Road?

Bharathiyar Road is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

What are the registration fees for property transactions?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the registration fee would be Rs 77,000 at 2%.

Where can I find the Sub Registrar Office for Bharathiyar Road?

The Peelamedu Sub Registrar Office covers Bharathiyar Road and is located at 6/1, Grd Road, Redfields, Coimbatore - 18.