Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Thudiyalur village is Rs 1,014 per sq.ft, effective from 1 July 2024. This street falls under the Periyanayakkan Palayam SRO and is classified as Residential Class II Type - II.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has seen significant changes over the years. In the 2012 revision, the value was Rs 350 per sq.ft, which then decreased to Rs 234 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, reflecting an increase of 327%. The most recent revision in 2024 set the value at Rs 1,014 per sq.ft, a 1% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Bharathiyar Street. Overall, from 2012 to 2024, the guideline value has increased by 190%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,019 per sq.ft, indicating that Bharathiyar Street's 2024 figure is below this median.

• Bharathi Nagar: Rs 1,018 per sq.ft (2024)
• Best People Colony: Rs 1,009 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,019 per sq.ft (2024)
• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Appanaickenpalayam): Rs 1,020 per sq.ft (2024)
• Balaji Nagar: Rs 1,020 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 1,014 per sq.ft, the total guideline value amounts to Rs 10,14,000. The stamp duty at 7% would be Rs 70,980, and the registration fee at 2% would be Rs 20,280, bringing the total cost for these fees to Rs 91,260. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office covering Bharathiyar Street is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Thudiyalur. It is used to determine the amount of stamp duty and registration fees that need to be paid during the property registration process. Buyers should be aware that the guideline value is set by the government and can vary from street to street, impacting the overall cost of property transactions.

When a property is sold, the sale price must be compared to the guideline value. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 350 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, reflecting a total increase of 190% over this period.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathiyar Street located?

The Sub Registrar Office for Bharathiyar Street is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What are the other streets in Thudiyalur with guideline values?

Other streets in Thudiyalur include Bharathi Nagar, Best People Colony, Balasubramaniya Nagar, and various Balaji Nagar streets, with guideline values ranging from Rs 1,009 to Rs 1,020 per sq.ft as of 2024.