Guideline Value for BEST ROAD

Best Road guideline value

The current guideline value of Best Road in Velampalayam village, under the Tiruppur Joint II SRO, is Rs 715 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Best Road has changed

The guideline value for Best Road has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft. This figure decreased to Rs 402 per sq.ft in 2017. The 2023 revision saw an increase to Rs 600 per sq.ft, followed by another increase to Rs 715 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, between 2017 and 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 19% increase. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 19%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, positioning Best Road's 2024 figure above that median.

• Bharathiar Street: Rs 890 per sq.ft (2024)
• Bharathi Iiird Street: Rs 711 per sq.ft (2024)
• Bharathi Iind Street: Rs 711 per sq.ft (2024)
• Bharathi Ist Street: Rs 711 per sq.ft (2024)
• Bharathi Nagar: Rs 890 per sq.ft (2024)
• Bharathi Puram: Rs 890 per sq.ft (2024)

Stamp duty and registration fee for property in Best Road

For a 1,000 sq.ft plot at the current rate of Rs 715 per sq.ft, the guideline value amounts to Rs 7,15,000. The stamp duty at 7% would be Rs 50,050, and the registration fee at 2% would be Rs 14,300, totaling Rs 64,350. 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 Best Road?

The Sub Registrar Office covering Best Road is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process of property transactions in Velampalayam. It is used to determine the stamp duty and registration fees applicable when buying or selling property.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the official value of the property, ensuring that the transaction is recorded accurately and legally. This value is essential for both parties to understand the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Best Road?

The current guideline value of Best Road is Rs 715 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 715 per sq.ft in 2024.

What is the land classification for Best Road?

Best Road falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for Best Road?

The Sub Registrar Office for Best Road is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties on Best Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 715 per sq.ft would incur a total stamp duty and registration fee of Rs 64,350.