Guideline Value for Bharathy Park Cross No.3

Bharathy Park Cross No.3 guideline value

The current guideline value for Bharathy Park Cross No.3 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 is classified as Residential Class I Type - I.

How the guideline value of Bharathy Park Cross No.3 has changed

The guideline value for Bharathy Park Cross No.3 has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, which increased to Rs 2,750 per sq.ft in the 2024 revision, reflecting a change of +10%.

Prior to the 2023 revision, there were no available figures for the aforementioned years. The most recent revision indicates that the guideline value has risen from Rs 2,500 to Rs 2,750 per sq.ft, aligning with the median value for similar streets in the area.

Guideline values in Ward 12

In Ward 12, the guideline values for properties range from Rs 2,500 to Rs 4,000 per sq.ft, with a median of Rs 2,750 per sq.ft. Bharathy Park Cross No.3's 2024 guideline value matches this median.

• Bharathy Park Cross No.2: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.4: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.1: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.5: Rs 2,750 per sq.ft (2024)
• Bharathy Park: 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.3

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, resulting in a total of Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathy Park Cross No.3?

The Sub Registrar Office that covers Bharathy Park Cross No.3 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward 12. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are based on a standardized valuation.

When a property is registered, the guideline value helps establish a clear framework for the transaction, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Bharathy Park Cross No.3?

The current guideline value for Bharathy Park Cross No.3 is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathy Park Cross No.3 has increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a change of +10%.

What is the land classification for Bharathy Park Cross No.3?

Bharathy Park Cross No.3 is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Bharathy Park Cross No.3 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.