Guideline Value for B.S.SUNDARAM ROAD (MAIN ROAD)

B.S.Sundaram Road (Main Road) guideline value

The current guideline value of B.S.Sundaram Road (Main Road) is Rs 3,360 per sq.ft, effective from 1 July 2024. This street is located in Ward - J village, under the Tiruppur Joint I SRO, and is classified as Commercial Class I Type - II.

How the guideline value of B.S.Sundaram Road (Main Road) has changed

Over the years, the guideline value of B.S.Sundaram Road (Main Road) has seen several revisions. The earliest recorded revision was in 2007, when the value was Rs 2,590 per sq.ft. This figure increased to Rs 3,000 per sq.ft in 2012, followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose significantly to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,360 per sq.ft in 2024. The changes between these revisions are notable, with a 16% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024.

The register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 30%.

Guideline values in Ward - J

Ward - J consists of 209 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value in this area is Rs 1,120 per sq.ft, placing B.S.Sundaram Road (Main Road) above this median at Rs 3,360 per sq.ft.

• B.S.S ROAD 1st to 3rd CROSS STREET: Rs 3,360 per sq.ft (2024)
• B.S.S Road 1st Street: Rs 3,360 per sq.ft (2024)
• B.S.S Nagar Cross Street: Rs 3,360 per sq.ft (2024)
• B.S.S Nagar: Rs 3,360 per sq.ft (2024)
• Bridgeway Colony (L.R.G.Layout): Rs 1,680 per sq.ft (2024)
• Bridgeway Colony (Fabrication Road): Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in B.S.Sundaram Road (Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,360 per sq.ft, the total guideline value amounts to Rs 33,60,000. The stamp duty at 7% would be Rs 2,35,200, while the registration fee at 2% would be Rs 67,200, bringing the total fees to Rs 3,02,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.S.Sundaram Road (Main Road)?

The Sub Registrar Office that covers B.S.Sundaram Road (Main Road) is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - J

The guideline value plays a crucial role in property transactions within Ward - J. It is used to determine the stamp duty and registration fees when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, they must provide the guideline value for the property in question. This value aids in the assessment of the transaction's legitimacy and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of B.S.Sundaram Road (Main Road)?

The current guideline value of B.S.Sundaram Road (Main Road) is Rs 3,360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,590 per sq.ft in 2007 to Rs 3,360 per sq.ft in 2024, with various revisions in between, including increases and decreases at different intervals.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,60,000, the stamp duty would be Rs 2,35,200 and the registration fee would be Rs 67,200, totaling Rs 3,02,400.

Which office handles registrations for B.S.Sundaram Road (Main Road)?

The Tiruppur Joint I Sub Registrar Office handles registrations for B.S.Sundaram Road (Main Road), located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring proper revenue collection by the government.