Guideline Value for BY -Pass Road

BY -Pass Road guideline value

The current guideline value of BY -Pass Road in Anupparpalayam village is Rs 1,400 per sq.ft, effective from 1 July 2024. This road falls under the Coimbatore North Joint 1 SRO and is classified as Commercial Class I Type - I.

How the guideline value of BY -Pass Road has changed

The guideline value for BY -Pass Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,250 per sq.ft, which was then reduced to Rs 837 per sq.ft in the 2017 revision. However, this was followed by a significant increase to Rs 1,250 per sq.ft in the 2023 revision, and the latest revision in 2024 has raised the value to Rs 1,400 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Anupparpalayam

In Anupparpalayam, there are 44 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,400 per sq.ft, with a median value of Rs 1,025 per sq.ft. The guideline value of BY -Pass Road is above this median.

• Breeze Avenue: Rs 1,015 per sq.ft (2024)
• Classic City(A Block): Rs 1,045 per sq.ft (2024)
• Classic City (B Block): Rs 1,045 per sq.ft (2024)
• Classic City (C Block): Rs 1,045 per sq.ft (2024)
• Bismi Nagar: Rs 1,020 per sq.ft (2024)
• Bharath Nagar: Rs 1,060 per sq.ft (2024)

Stamp duty and registration fee for property in BY -Pass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost for these fees Rs 1,26,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BY -Pass Road?

The BY -Pass Road is covered by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Anupparpalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, the registration office uses the guideline value to calculate the applicable fees. This ensures that the fees are based on a standardized value, reflecting the property's worth in the local market.

Frequently asked questions

What is the current guideline value of BY -Pass Road?

The current guideline value of BY -Pass Road is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification of BY -Pass Road?

BY -Pass Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in BY -Pass Road?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 14,00,000 would incur a total fee of Rs 1,26,000.

Which office handles registrations for BY -Pass Road?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for BY -Pass Road, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.