Guideline Value for Bharathy Street

Bharathy Street guideline value

The current guideline value of Bharathy Street in Kumarapalayam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Bharathy Street has changed

The guideline value for Bharathy Street has remained consistent at Rs 1,000 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 to the 2024 revision, there was no change in the guideline value, maintaining the rate at Rs 1,000 per sq.ft. This consistency indicates stability in the guideline value for this street over the recent revisions.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median value is Rs 1,001 per sq.ft, placing Bharathy Street's 2024 figure below this median.

• Bharathypark: Rs 1,000 per sq.ft (2024)
• Bharathy Nagar: Rs 1,000 per sq.ft (2024)
• Bharathi Road: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,002 per sq.ft (2024)
• Ayyavu Road-II: Rs 1,002 per sq.ft (2024)
• Ayyavu Road-I: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, resulting in Rs 70,000, and the registration fee at 2% amounts to Rs 20,000. Together, the total cost for these fees is Rs 90,000. It is important to note that the 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 Street?

The Sub Registrar Office that covers Bharathy Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kumarapalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharathy Street?

The current guideline value of Bharathy Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathy Street has remained at Rs 1,000 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Kumarapalayam?

Other streets in Kumarapalayam have guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft. Bharathy Street's value is at the lower end of this range.

How is stamp duty calculated for properties in Bharathy Street?

Stamp duty for properties in Bharathy Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would amount to Rs 70,000.

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

The Sub Registrar Office for Bharathy Street is located at No.410a, Raja Street, Coimbatore-641001. This office falls under the Coimbatore South Joint 1 registration zone.