Guideline Value for BYE BASS ROAD

Bye Bass Road guideline value

The current guideline value of Bye Bass Road is Rs 1,450 per sq.ft, effective from 1 July 2024. This road is located in Ward - B village under the Udumalpettai SRO, classified as Residential Special Type - I.

How the guideline value of Bye Bass Road has changed

Over the years, the guideline value of Bye Bass Road has seen significant changes. The 2012 revision recorded a value of Rs 1,300 per sq.ft, which then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the guideline value increased to Rs 1,300 per sq.ft in 2023, and most recently, it has risen to Rs 1,450 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 12% increase. It is important to note that the register has no figures for Bye Bass Road for the years 2002, 2003, and 2007.

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. The median value for these streets is Rs 500 per sq.ft, placing Bye Bass Road's 2024 figure above this median.

• Boyar Lane: Rs 380 per sq.ft (2024)
• Chinnasamylayout: Rs 775 per sq.ft (2024)
• Chinnaveerampatti(1-22,29,30,56): Rs 380 per sq.ft (2024)
• Chinnaveerampatti(3-12,16,154): Rs 475 per sq.ft (2024)
• Chinnaveerampatti Kudiyiruppu: Rs 380 per sq.ft (2024)
• Dharapuram Road: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bye Bass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value amounts to Rs 14,50,000. The stamp duty at 7% would be Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total fees together to Rs 1,30,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bye Bass Road?

The Bye Bass Road falls under the jurisdiction of the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet, 642126, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial component in the property registration process in Ward - B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value at which a property can be registered.

When buying or selling property, the guideline value helps in determining the applicable taxes and fees, which are essential for the legal transfer of property ownership. It is advisable for buyers and sellers to be familiar with the guideline values in their respective areas to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bye Bass Road?

The current guideline value of Bye Bass Road is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,450 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Bye Bass Road?

For a 1,000 sq.ft plot, the guideline value is Rs 14,50,000. The stamp duty at 7% would be Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, totaling Rs 1,30,500.

Which Sub Registrar Office covers Bye Bass Road?

The Udumalpettai Sub Registrar Office covers Bye Bass Road, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet, 642126, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that properties are registered at a minimum value, aiding in transparency and compliance with local regulations.