Guideline Value for Bharathiyar Street (548/2)

Bharathiyar Street (548/2) guideline value

The current guideline value of Bharathiyar Street (548/2) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in P.Mettupalayam 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 (548/2) has changed

The guideline value for Bharathiyar Street (548/2) has undergone several revisions over the years. In 2002, the value was Rs 26 per sq.ft, which increased to Rs 29 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 46 per sq.ft in 2007, reflecting an increase of +59%. Following that, the 2012 revision set the value at Rs 100 per sq.ft, a decrease of -33% from the previous figure. The value further increased to Rs 67 per sq.ft in 2017, which represented a +199% change from 2012. The most recent revisions in 2023 and 2024 both set the value at Rs 200 per sq.ft, resulting in a change of +0% between these two years.

There are no figures available for revisions in years not listed. Overall, from 2002 to 2024, the guideline value has increased by +669%.

Guideline values in P.Mettupalayam

In P.Mettupalayam, there are 65 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with the median being Rs 200 per sq.ft. Bharathiyar Street (548/2) aligns with this median value.

• Ayyampalayam Road(507/1): Rs 200 per sq.ft (2024)
• Avaiyar street (548/2): Rs 200 per sq.ft (2024)
• Boomandigoundanur: Rs 200 per sq.ft (2024)
• Boomandigoundanur Main Road: Rs 200 per sq.ft (2024)
• Anna Street (439/2): Rs 200 per sq.ft (2024)
• Chinnasamy Street(507/1): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street (548/2)

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, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street (548/2)?

The Sub Registrar Office that covers Bharathiyar Street (548/2) 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 P.Mettupalayam

The guideline value is a crucial factor when registering property transactions in P.Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are paid to the government during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Street (548/2)?

The current guideline value of Bharathiyar Street (548/2) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 26 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of +669% over the years.

What is the land classification of Bharathiyar Street (548/2)?

Bharathiyar Street (548/2) is classified as Residential Class III Type - V.

What are the other streets in P.Mettupalayam with the same guideline value?

Other streets in P.Mettupalayam with the same guideline value of Rs 200 per sq.ft include Ayyampalayam Road, Avaiyar Street, Boomandigoundanur, Boomandigoundanur Main Road, Anna Street, and Chinnasamy Street.

Where is the Kavundapadi Sub Registrar Office located?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.