Guideline Value for Bharathiyar University Quarters

Bharathiyar University Quarters guideline value

The current guideline value of Bharathiyar University Quarters is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Vadavalli village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bharathiyar University Quarters has changed

Over the years, the guideline value for Bharathiyar University Quarters has seen significant changes. The earliest recorded revision was in 2007, where the guideline value was Rs 200 per sq.ft. This figure increased dramatically to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, by 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The subsequent revision in 2023 saw it rise to Rs 1,000 per sq.ft, and finally, the current revision in 2024 has set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Vadavalli

In Vadavalli village, there are 461 streets that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft. The guideline value for Bharathiyar University Quarters aligns with this median.

• Bharathiyar Street: Rs 1,001 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 University Quarters

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar University Quarters?

The Bharathiyar University Quarters falls under the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vadavalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value for Bharathiyar University Quarters?

The current guideline value for Bharathiyar University Quarters is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing a total increase of 450% over the years.

What are the stamp duty and registration fees for this property?

The stamp duty for a property valued at Rs 11,00,000 is Rs 77,000, and the registration fee is Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Bharathiyar University Quarters?

The registration for Bharathiyar University Quarters is handled by the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification for Bharathiyar University Quarters?

The land classification for Bharathiyar University Quarters is Residential Class I Type - I, indicating its suitability for residential development.