Guideline Value for Bharathiyar Street (573/1A,1B,3,4,570/9,564/13)

Bharathiyar Street (573/1A,1B,3,4,570/9,564/13) guideline value

The current guideline value of Bharathiyar Street (573/1A,1B,3,4,570/9,564/13) is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Kavundapadi village under the Kavundapadi SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathiyar Street (573/1A,1B,3,4,570/9,564/13) has changed

The guideline value for Bharathiyar Street has undergone several revisions over the years. In 2007, the value was Rs 181 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 saw an increase of 287%, while the overall change from 2007 to 2024 is also 287%. The fluctuations in guideline values reflect the historical changes in property valuation in the area.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 600 per sq.ft. Bharathiyar Street's 2024 figure of Rs 700 per sq.ft is above this median.

• Bhavani Road (970/1to9, 573/1A,1B,2,3,4): Rs 1,200 per sq.ft (2024)
• Bhavani Road (Market to Three Carner Road ) (970/1to8,968/1to6): Rs 1,200 per sq.ft (2024)
• Bhavani Road to Weekly Market (570/1to8,568/1to6): Rs 900 per sq.ft (2024)
• Bhavani Road Weekly Market to Perumpallam Odai (566/2to12): Rs 900 per sq.ft (2024)
• Barpar Thottam: Rs 600 per sq.ft (2024)
• Balaji Nagar: Rs 726 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street (573/1A,1B,3,4,570/9,564/13)

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar Street (573/1A,1B,3,4,570/9,564/13)?

The Sub Registrar Office covering Bharathiyar Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kavundapadi. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must be aware of the guideline value, as it influences the overall cost of the transaction. Proper understanding of the guideline value can help buyers and sellers navigate the registration process more effectively.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street (573/1A,1B,3,4,570/9,564/13) is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent values being Rs 700 per sq.ft in 2023 and 2024, and Rs 469 per sq.ft in 2017. The value increased significantly from Rs 181 per sq.ft in 2007 to Rs 700 per sq.ft in 2012.

What is the land classification of Bharathiyar Street?

Bharathiyar Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Bharathiyar Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. This office handles all registrations for properties in this area.