Guideline Value for Bharathy Park Cross No.1

Bharathy Park Cross No.1 guideline value

The current guideline value of Bharathy Park Cross No.1 is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in the village of Coimbatore South Joint 1 SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathy Park Cross No.1 has changed

The guideline value for Bharathy Park Cross No.1 has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft, which increased by 10% to Rs 2,750 per sq.ft in the 2024 revision.

This change reflects a consistent adjustment in the property values in the area. The 2024 figure of Rs 2,750 per sq.ft aligns with the median guideline value for other streets in Ward 12, which ranges from Rs 2,500 to Rs 4,000 per sq.ft.

Guideline values in Ward 12

In Ward 12, there are 25 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value, with the median value being Rs 2,750 per sq.ft. Bharathy Park Cross No.1's guideline value is equal to this median.

• Bharathy Park: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.2: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.3: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.4: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.5: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.6: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathy Park Cross No.1

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathy Park Cross No.1?

The Sub Registrar Office that covers Bharathy Park Cross No.1 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Ward 12

The guideline value is a crucial component in the registration process of property transactions in Ward 12. 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 duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it influences the overall transaction cost. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect their financial planning.

Frequently asked questions

What is the current guideline value of Bharathy Park Cross No.1?

The current guideline value of Bharathy Park Cross No.1 is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Bharathy Park Cross No.1?

Bharathy Park Cross No.1 falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Bharathy Park Cross No.1 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.