Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Kuniyamuthur village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which then increased to Rs 1,001 per sq.ft in the 2024 revision, reflecting a change of +0% from the previous year.

With the 2024 revision, Bharathiyar Street's guideline value stands at Rs 1,001 per sq.ft. This figure is slightly below the median guideline value of Rs 1,003 per sq.ft for the 410 streets in Kuniyamuthur under the Coimbatore South Joint 1 SRO, which range from Rs 1,000 to Rs 1,550 per sq.ft.

Guideline values in Kuniyamuthur

In Kuniyamuthur, the guideline values vary across different streets. The current figures for Bharathiyar Street are below the median value, indicating a diverse range of pricing within the village. Below is a list of other streets in Kuniyamuthur along with their 2024 guideline values:

• Bharathy Nagar: Rs 1,001 per sq.ft (2024)
• B.K.Pudur: Rs 1,001 per sq.ft (2024)
• B.K.Pudur New Part: Rs 1,001 per sq.ft (2024)
• Blake Mariamman Kovil Street: Rs 1,003 per sq.ft (2024)
• Bharathidasan Street: Rs 1,003 per sq.ft (2024)
• Benthagostha Church Street: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

For a property on Bharathiyar Street measuring 1,000 sq.ft, the guideline value is Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020. Together, the total cost for stamp duty and registration fee would be Rs 90,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kuniyamuthur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of this value to ensure compliance with the legal requirements of property transactions.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions. This process helps maintain transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathiyar Street has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,001 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kuniyamuthur?

The median guideline value for the 410 streets in Kuniyamuthur is Rs 1,003 per sq.ft, with Bharathiyar Street's current value being below this median.

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

For a 1,000 sq.ft property on Bharathiyar Street, the total stamp duty and registration fees would be Rs 90,090, calculated based on the guideline value of Rs 10,01,000.

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

The Sub Registrar Office for Bharathiyar Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.