Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Vadavalli village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Vadavalli 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 undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which increased to Rs 469 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has seen a slight increase to Rs 1,001 per sq.ft, marking a 0% change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

In summary, from 2012 to 2024, the overall change in the guideline value is +43%. The most notable increase occurred between 2017 and 2023, where the value rose by +113%. The fluctuation between the revisions reflects the evolving real estate landscape in the area.

Guideline values in Vadavalli

In Vadavalli, there are a total of 461 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Bharathiyar Street's 2024 figure below that median.

• Bharathiyar University Quarters: Rs 1,100 per sq.ft (2024)
• Bharathi Nest Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar (Ward No. 18): Rs 1,000 per sq.ft (2024)
• Bharathi Nagar (Ward 5): Rs 1,100 per sq.ft (2024)
• B.K.Nagar: Rs 1,004 per sq.ft (2024)
• Bharathi Garden: Rs 1,000 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 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total fees to Rs 90,090. It is important to note that the 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 that covers Bharathiyar Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a buyer approaches the registration office, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This helps maintain transparency in property transactions and ensures that the government receives the necessary revenue from property sales.

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 has changed from Rs 700 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, which is an overall increase of 43%. The most significant change occurred between 2017 and 2023, where the value rose by 113%.

What are the other guideline values in Vadavalli?

In Vadavalli, the guideline values for other streets range from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Bharathiyar Street's 2024 value is below this median.

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

For a property of 1,000 sq.ft at the current guideline value, the total fees amount to Rs 90,090, which includes stamp duty and registration fees based on the guideline value.

Where is the Sub Registrar Office for Bharathiyar Street located?

The Sub Registrar Office covering Bharathiyar Street is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles all registration-related activities for the area.