Guideline Value for Bharathiyar salai

Bharathiyar salai guideline value

The current guideline value of Bharathiyar salai in Kallapalayam village, under the Singanallur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathiyar salai has changed

The guideline value for Bharathiyar salai has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This figure decreased to Rs 134 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rose significantly in the subsequent revisions, reaching Rs 200 per sq.ft in 2023, and then increasing to Rs 220 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kallapalayam

Kallapalayam village has a total of 81 streets under the Singanallur SRO, with guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for this village is Rs 140 per sq.ft, making the current value of Bharathiyar salai above this median.

• Bala Gangadhar Thilagar street: Rs 220 per sq.ft (2024)
• Bagathsingh street: Rs 220 per sq.ft (2024)
• Arunthathiyar Housing unit: Rs 140 per sq.ft (2024)
• Brindavan street: Rs 140 per sq.ft (2024)
• Arijana Theru: Rs 140 per sq.ft (2024)
• Arijana Colony: Rs 140 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar salai

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value is Rs 2,20,000. The stamp duty at 7% amounts to Rs 15,400, and the registration fee at 2% is Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathiyar salai?

The Sub Registrar Office that covers Bharathiyar salai is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Kallapalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as stamp duty and registration fees are calculated based on the guideline value.

During the registration process, the guideline value ensures that the government receives appropriate revenue from property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bharathiyar salai?

The current guideline value of Bharathiyar salai is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for Bharathiyar salai?

The land classification for Bharathiyar salai is Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property in Bharathiyar salai?

The stamp duty rate for property in Bharathiyar salai is 7% of the guideline value, while the registration fee is 2%. These charges are based on the higher of the guideline value or the sale price.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find more information about your SRO through the provided link.