Guideline Value for Bharathy Puram

Bharathy Puram guideline value

The current guideline value of Bharathy Puram is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Perur village under the Coimbatore South Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Bharathy Puram has changed

The guideline value for Bharathy Puram has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 450 per sq.ft, which is an increase of 13% from the previous year's figure of Rs 400 per sq.ft established in 2023. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value had been Rs 400 per sq.ft. The register does not provide figures for the years leading up to 2023, indicating a lack of recorded values for those years. The most recent increase reflects the ongoing adjustments in the guideline values in the region.

Guideline values in Perur

In Perur, there are 45 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 900 per sq.ft, with a median value of Rs 400 per sq.ft. Bharathy Puram's 2024 figure of Rs 450 per sq.ft is above this median.

• Blake Mariamman Kovil Street: Rs 400 per sq.ft (2024)
• Attru Road: Rs 500 per sq.ft (2024)
• Chinna Kovil Street: Rs 500 per sq.ft (2024)
• Anna Nagar: Rs 400 per sq.ft (2024)
• Angalamman Kovil Street: Rs 500 per sq.ft (2024)
• Amman Kovil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathy Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees together to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathy Puram?

Bharathy Puram is covered by 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 details.

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

The guideline value is a critical factor in the registration process for property transactions in Perur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish a fair assessment for the transaction, ensuring that both parties are aware of the associated costs. It is essential for buyers and sellers to understand how this value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathy Puram?

The current guideline value of Bharathy Puram is Rs 450 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 400 per sq.ft in 2023 to Rs 450 per sq.ft in 2024, marking a 13% increase.

What is the classification of land in Bharathy Puram?

Bharathy Puram is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bharathy Puram?

The Sub Registrar Office covering Bharathy Puram is located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees for property transactions. It plays a vital role in establishing the financial obligations of buyers and sellers during the registration process.