Guideline Value for Beema Street 1,2

Beema Street 1,2 guideline value

The current guideline value for Beema Street 1,2 is Rs 1,680 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village, under the Singanallur SRO, and is classified as Mixed Type - I land.

How the guideline value of Beema Street 1,2 has changed

The guideline value for Beema Street 1,2 has seen several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 1,500 per sq.ft. In 2017, it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,680 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 12%. The register does not provide figures for the years 2002, 2003, and 2007 for Beema Street 1,2.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO, with guideline values ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value in this area is Rs 1,120 per sq.ft, placing Beema Street 1,2's 2024 figure above this median.

• Bazzar Street: Rs 1,680 per sq.ft (2024)
• Bethel Nagar(SIHS colony): Rs 1,002 per sq.ft (2024)
• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• Bannari Amman Nagar: Rs 1,003 per sq.ft (2024)
• Bharathi Nagar 1, 2, 3: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar (Aerodrome Rd): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Beema Street 1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, making the total cost Rs 1,51,200. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Beema Street 1,2?

The Sub Registrar Office that covers Beema Street 1,2 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Singanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Beema Street 1,2?

The current guideline value of Beema Street 1,2 is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,680 per sq.ft in 2024, with various revisions in between.

What is the land classification for Beema Street 1,2?

Beema Street 1,2 is classified as Mixed Type - I land according to the local regulations.

Where can I find the Sub Registrar Office for Beema Street 1,2?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,680 per sq.ft would incur a total cost of Rs 1,51,200 in fees.