Guideline Value for BEEMAPURAM

Beemapuram guideline value

The current guideline value of Beemapuram, located in Ganapathy village under the Ganapathy SRO, is Rs 1,008 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Beemapuram has changed

The guideline value for Beemapuram has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then saw a significant decrease to Rs 335 per sq.ft in 2017. The value rose dramatically to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,008 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 233% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then surged by 199% from 2017 to 2023. The change from 2023 to 2024 is a modest increase of 1%. Overall, from 2007 to 2024, the guideline value has risen by 572%.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing Beemapuram's 2024 figure below that median.

• Bharathiar Road: Rs 1,400 per sq.ft (2024)
• Balugardens Phase 1.2: Rs 1,010 per sq.ft (2024)
• Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross: Rs 1,400 per sq.ft (2024)
• Bharathi Nagar.Ranganathar Veethi: Rs 1,400 per sq.ft (2024)
• Balasundram Road.Jayasamani Road: Rs 1,400 per sq.ft (2024)
• Balasundram Road: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Beemapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value would be Rs 10,08,000. The stamp duty at 7% would amount to Rs 70,560, and the registration fee at 2% would be Rs 20,160, bringing the total fees to Rs 90,720. 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 details.

Which Sub Registrar Office covers Beemapuram?

The Sub Registrar Office that covers Beemapuram is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ganapathy, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's value.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Beemapuram?

The current guideline value of Beemapuram is Rs 1,008 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,008 per sq.ft in 2024, marking an overall increase of 572%.

What is the land classification of Beemapuram?

Beemapuram is classified as Residential Class II Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

How is the stamp duty calculated for property in Beemapuram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 70,560.