Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Dharapuram Ward 6 village is Rs 1,330 per sq.ft, effective from 1 July 2024. This street falls under the Dharapuram SRO and is classified as Residential Special Type - II.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has undergone several revisions over the years. In 2002, the value was Rs 83 per sq.ft, which increased significantly to Rs 106 per sq.ft in 2003. Following this, the value saw an enormous rise to Rs 1,200 per sq.ft in 2012, but then decreased to Rs 804 per sq.ft in 2017. The value then increased to Rs 1,200 per sq.ft in 2023 before reaching the current rate of Rs 1,330 per sq.ft in 2024, marking an increase of 11% from the previous year.

Notably, there is no figure available for Bharathiyar Street in the 2007 revision. Overall, from 2002 to 2024, the guideline value has increased by 1502%, reflecting significant changes over the years.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets that carry a 2024 guideline value ranging from Rs 645 to Rs 1,820 per sq.ft. The median value for these streets is Rs 1,330 per sq.ft, which is equal to the guideline value for Bharathiyar Street.

• Big Bazar Street (West side 1to156): Rs 1,820 per sq.ft (2024)
• Beemar New Agrakaram: Rs 800 per sq.ft (2024)
• Beemar Main Street: Rs 800 per sq.ft (2024)
• Beemar Agrakaram: Rs 800 per sq.ft (2024)
• Anna Nagar: Rs 1,330 per sq.ft (2024)
• Chiviyar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,330 per sq.ft, the total guideline value would be Rs 13,30,000. The stamp duty at 7% would amount to Rs 93,100, and the registration fee at 2% would be Rs 26,600, making a total of Rs 1,19,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value is a crucial factor in the registration process of property transactions in Dharapuram Ward 6. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction reflects the official value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 1,330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 83 per sq.ft in 2002 to Rs 1,330 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 1502% overall from 2002 to 2024.

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

For a property valued at Rs 13,30,000, the stamp duty would be Rs 93,100 and the registration fee would be Rs 26,600, totaling Rs 1,19,700.

Which office handles property registration for Bharathiyar Street?

The Dharapuram Sub Registrar Office handles property registration for Bharathiyar Street, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the property is registered at a value that reflects the official rates set by the government.