Guideline Value for Bhuthar Street

Bhuthar Street guideline value

The current guideline value of Bhuthar Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Vellalore village, under the Singanallur SRO, and is classified as Residential Class II Type - III.

How the guideline value of Bhuthar Street has changed

In the 2012 revision, the guideline value for Bhuthar Street was Rs 175 per sq.ft. This value decreased to Rs 117 per sq.ft in the 2017 revision, marking a decrease of 33%. However, in the 2023 revision, the value increased significantly to Rs 200 per sq.ft, which is a rise of 71% from the previous figure. The latest revision in 2024 shows a further increase to Rs 220 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2007 for Bhuthar Street. Overall, comparing the 2012 figure to the latest 2024 figure, there has been an increase of 26%.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft, with a median value of Rs 330 per sq.ft. Bhuthar Street's 2024 guideline value of Rs 220 per sq.ft is below this median.

• Bharathiar Street: Rs 220 per sq.ft (2024)
• Banker Street: Rs 220 per sq.ft (2024)
• Balamurugan Nagar: Rs 550 per sq.ft (2024)
• Balaji Nagar: Rs 440 per sq.ft (2024)
• Bajanai koil veethy: Rs 330 per sq.ft (2024)
• Badmanabathever Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuthar Street

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhuthar Street?

The Sub Registrar Office that covers Bhuthar Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the higher of the sale price or the guideline value is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bhuthar Street?

The current guideline value of Bhuthar Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Bhuthar Street?

Bhuthar Street is classified as Residential Class II Type - III.

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

The Sub Registrar Office for Bhuthar Street is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is stamp duty calculated for properties in Vellalore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for registration fees.