Guideline Value for BASEER AHAMED LAYOUT

Baseer Ahamed Layout guideline value

The current guideline value of Baseer Ahamed Layout is Rs 660 per sq.ft, effective from 1 July 2024. This layout is located in Ward - B village under the Udumalpettai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Baseer Ahamed Layout has changed

The guideline value for Baseer Ahamed Layout has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased to Rs 600 per sq.ft in 2023, and finally, it was revised to Rs 660 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Baseer Ahamed Layout is above this median.

• Bharathi Lane: Rs 380 per sq.ft (2024)
• Bharathiyar Colony: Rs 500 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 per sq.ft (2024)
• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Ariyar Real Estate: Rs 500 per sq.ft (2024)
• Arasilango Street: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Baseer Ahamed Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. 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 further calculations.

Which Sub Registrar Office covers Baseer Ahamed Layout?

The Sub Registrar Office that covers Baseer Ahamed Layout is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Ward - B. It determines the minimum value at which the property can be registered, impacting the stamp duty and registration fees that buyers and sellers must pay.

When a property is sold, the guideline value serves as a reference point for the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid during the registration process.

Frequently asked questions

What is the current guideline value for Baseer Ahamed Layout?

The current guideline value for Baseer Ahamed Layout is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Baseer Ahamed Layout?

Baseer Ahamed Layout is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Baseer Ahamed Layout?

The Sub Registrar Office for Baseer Ahamed Layout is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.

How is the stamp duty calculated for properties in Baseer Ahamed Layout?

The stamp duty for properties in Baseer Ahamed Layout is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.