Guideline Value for BYPASS ROAD

Bypass Road guideline value

The current guideline value of Bypass Road in Ottarpalayam village, under the Singanallur SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Bypass Road has changed

The guideline value register has no figures for Bypass Road in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,500 per sq.ft.

There have been no changes between the revisions listed above, and the current figure reflects the latest assessment made in 2024.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 255 to Rs 1,500 per sq.ft. The median value for these streets is Rs 495 per sq.ft, placing Bypass Road's 2024 figure above that median.

• Dr. Radhakrishnan st: Rs 825 per sq.ft (2024)
• Bharathi street: Rs 825 per sq.ft (2024)
• Bharathipuram extension (129/1B): Rs 495 per sq.ft (2024)
• Elangovadigal Street (136): Rs 495 per sq.ft (2024)
• Eswaran Kovil street: Rs 385 per sq.ft (2024)
• Gajalakshmi nagar (Main Road): Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Bypass Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bypass Road?

The Sub Registrar Office that covers Bypass Road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ottarpalayam. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers must consider this value to comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bypass Road?

The current guideline value of Bypass Road is Rs 1,500 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value of Bypass Road?

The guideline value register has no figures for Bypass Road in the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 sets the value at Rs 1,500 per sq.ft.

How does the guideline value compare to other streets in Ottarpalayam?

In Ottarpalayam, the guideline values for other streets range from Rs 255 to Rs 1,500 per sq.ft, with a median value of Rs 495 per sq.ft. Bypass Road's guideline value of Rs 1,500 per sq.ft is above this median.

What are the stamp duty and registration fees for properties on Bypass Road?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bypass Road located?

The Sub Registrar Office covering Bypass Road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.