Guideline Value for Bharathiyar Street (121/2)

Bharathiyar Street (121/2) guideline value

The current guideline value of Bharathiyar Street (121/2) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pallapalayam village and falls under the Kavundapadi SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Bharathiyar Street (121/2) has changed

The guideline value for Bharathiyar Street (121/2) has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 9 per sq.ft, which increased to Rs 10 per sq.ft in 2003. The value remained unchanged until the 2007 revision, where it rose to Rs 10 per sq.ft. In 2012, the value increased to Rs 50 per sq.ft, but then dropped to Rs 33 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, which has remained the same in the 2024 revision.

From 2017 to 2023, the value saw a substantial increase of 506%. The 2012 to 2017 period experienced a decrease of 34%. Notably, from 2002 to 2024, the overall increase in the guideline value is 2122%.

Guideline values in Pallapalayam

In Pallapalayam village, there are 41 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 226 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the 2024 figure for Bharathiyar Street (121/2).

• Ayyan valasu Main Road (370,632): Rs 200 per sq.ft (2024)
• Avarakattu valasu Main Road (563): Rs 200 per sq.ft (2024)
• Boondikattuvalasu (484/12): Rs 200 per sq.ft (2024)
• Anna colony Makaliamman Kovil Street (563): Rs 200 per sq.ft (2024)
• Ellese Pettai (691): Rs 226 per sq.ft (2024)
• Erode Road (677/2): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street (121/2)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathiyar Street (121/2)?

The Sub Registrar Office that covers Bharathiyar Street (121/2) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Pallapalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It helps in establishing a fair basis for the transaction, ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Street (121/2)?

The current guideline value of Bharathiyar Street (121/2) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 9 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, marking an overall increase of 2122% over the years.

What is the land classification for Bharathiyar Street (121/2)?

Bharathiyar Street (121/2) is classified as Residential Class III Type - V, which indicates its intended use for residential purposes.

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

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office located for this street?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone, and it covers Bharathiyar Street (121/2).