Guideline Value for Bharathypark

Bharathypark guideline value

The current guideline value of Bharathypark in Kumarapalayam village under the Coimbatore South Joint 1 SRO is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bharathypark has changed

In the 2023 revision, the guideline value was Rs 1,000 per sq.ft. The 2024 revision also set the guideline value at Rs 1,000 per sq.ft, indicating no change from the previous year. The register has no figure for this street in the revisions for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has remained consistent at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions, showing a change of +0% between these two years.

Guideline values in Kumarapalayam

Kumarapalayam has a total of 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 guideline value in this area is Rs 1,001 per sq.ft, placing Bharathypark's 2024 figure below that median.

• Bharathy Nagar: Rs 1,000 per sq.ft (2024)
• Bharathy Street: 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 Bharathypark

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathypark?

The Sub Registrar Office covering Bharathypark 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 Kumarapalayam

The guideline value is an essential factor in the registration process when buying or selling property. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathypark?

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

Have there been any changes in the guideline value recently?

Yes, the guideline value remained at Rs 1,000 per sq.ft from 2023 to 2024, indicating no change between these two revisions.

What is the land classification for Bharathypark?

The land classification for Bharathypark is Residential Class I Type - II.

How does the guideline value compare to other streets in Kumarapalayam?

Bharathypark's guideline value of Rs 1,000 per sq.ft is below the median value of Rs 1,001 per sq.ft for the area. Other streets in Kumarapalayam have varying rates, with some streets like Balaji Nagar and Ayyavu Road-I at Rs 1,002 per sq.ft.

Where can I find the Sub Registrar Office for Bharathypark?

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