Guideline Value for BETHAL NAGAR

Bethal Nagar guideline value

The current guideline value of Bethal Nagar is Rs 1,007 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchi village under the Ganapathy SRO and is classified as Residential Class II Type - I.

How the guideline value of Bethal Nagar has changed

The guideline value of Bethal Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 400 per sq.ft. This increased to Rs 268 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 273%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 saw a slight increase of 1%, resulting in the current value of Rs 1,007 per sq.ft.

It is important to note that there are no recorded guideline values for Bethal Nagar in the years 2002, 2003, and 2007. Overall, the guideline value has increased by 152% from 2012 to 2024.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median guideline value for the village is Rs 1,008 per sq.ft, placing Bethal Nagar's 2024 value slightly below this median.

• Bharathi Nagar: Rs 1,010 per sq.ft (2024)
• Bankers Nagar-1,Sri Kaliamman Nagar: Rs 1,010 per sq.ft (2024)
• BANKERS Nagar: Rs 1,010 per sq.ft (2024)
• BANKERS COLONY PHASE ii: Rs 1,010 per sq.ft (2024)
• Bankers Colony Phase 2: Rs 1,010 per sq.ft (2024)
• Bharathi Veethi: Rs 1,007 per sq.ft (2024)

Stamp duty and registration fee for property in Bethal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,007 per sq.ft, the total guideline value would be Rs 10,07,000. The stamp duty at 7% would amount to Rs 70,490, and the registration fee at 2% would be Rs 20,140, making the total cost for these fees Rs 90,630. It is important to note that the 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 Bethal Nagar?

The Sub Registrar Office that covers Bethal Nagar 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 Villankuruchi

The guideline value is a critical factor in the registration process when buying or selling property in Villankuruchi. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the government standards.

When a property is sold, the buyer must pay 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 in the area.

Frequently asked questions

What is the current guideline value of Bethal Nagar?

The current guideline value of Bethal Nagar is Rs 1,007 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 400 per sq.ft in 2012 to Rs 1,007 per sq.ft in 2024, marking an overall increase of 152%.

What is the land classification of Bethal Nagar?

Bethal Nagar is classified as Residential Class II Type - I.

Which Sub Registrar Office serves Bethal Nagar?

The Ganapathy Sub Registrar Office serves Bethal Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Bethal Nagar?

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, the stamp duty would be Rs 70,490 based on the current guideline value.