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Guideline Value

Corporate

Guideline Value for Bharathy Park Cross No.7

₹2750/sq.ft.

The guideline value for Bharathy Park Cross No.7 in Ward 12 village (Coimbatore South Joint 1 SRO, Coimbatore zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward 12

Village

Coimbatore South Joint 1

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Coimbatore South Joint 1 Sub Registrar Office, No.410a, Raja Street, Coimbatore-641001
0422-2304592
[email protected]

DRO (District Registrar Office)

District Registrar Office Coimbatore (south), Fifth Floor, Singapore Plaza, Crosscut Road, Gandhipuram, Coimbatore 641012.
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[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Bharathy Park Cross No.7

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Bharathy Park Cross No.7 guideline value

The current guideline value of Bharathy Park Cross No.7 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, classified as Residential Class I Type - I.

How the guideline value of Bharathy Park Cross No.7 has changed

In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft. This was an increase from previous years, but the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. The latest revision in 2024 shows an increase of 10%, bringing the guideline value to Rs 2,750 per sq.ft.

Thus, the guideline value has increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. This value aligns with the median guideline value for the 25 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, the guideline values range from Rs 2,500 to Rs 4,000 per sq.ft, with the median being Rs 2,750 per sq.ft. Bharathy Park Cross No.7's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Bharathy Park Cross No.7

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathy Park Cross No.7?

The Sub Registrar Office that covers Bharathy Park Cross No.7 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 of property transactions in Ward 12. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathy Park Cross No.7?

The current guideline value of Bharathy Park Cross No.7 is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in Bharathy Park Cross No.7?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Bharathy Park Cross No.7?

The Coimbatore South Joint 1 Sub Registrar Office covers Bharathy Park Cross No.7, located at No.410a, Raja Street, Coimbatore-641001.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is used to calculate these fees, ensuring the government receives appropriate revenue.