Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ammapettai village, under the Ammapettai_Erode SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathiyar Street has changed

The guideline value of Bharathiyar Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 54 per sq.ft. This increased to Rs 78 per sq.ft in 2003, marking a 44% rise. In 2007, the value further increased to Rs 80 per sq.ft, reflecting a 3% change. The 2012 revision set the value at Rs 300 per sq.ft, which was a significant increase of 275% from the previous figure. However, from 2017 to 2023, the value remained at Rs 300 per sq.ft, and the 2024 revision also maintains this figure, showing no change from the 2023 revision.

From the 2017 revision, which was Rs 201 per sq.ft, to the 2023 revision, the guideline value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 456%, showcasing a substantial rise over the years.

Guideline values in Ammapettai

In Ammapettai, there are 30 streets under the Ammapettai_Erode SRO carrying a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median value is Rs 150 per sq.ft, placing Bharathiyar Street's 2024 figure above that median.

• Bank Street: Rs 300 per sq.ft (2024)
• Anthonipuram: Rs 100 per sq.ft (2024)
• Chettiyar Street: Rs 200 per sq.ft (2024)
• Anna Nagar: Rs 100 per sq.ft (2024)
• Aattru Orram: Rs 100 per sq.ft (2024)
• Harijana Colony Ammapettai: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office covering Bharathiyar Street is the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ammapettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers must ensure that the transaction is registered at the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 54 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, marking an overall increase of 456% over the years.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Bharathiyar Street?

The Ammapettai_Erode Sub Registrar Office handles registrations for Bharathiyar Street, located at Veterinary Hospital Street, Ammapettai.

What is the land classification for Bharathiyar Street?

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