Guideline Value for Beema Street

Beema Street guideline value

The current guideline value of Beema Street in Uppilipalayam village is Rs 1,120 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Singanallur SRO and is classified as Residential Class I Type - III.

How the guideline value of Beema Street has changed

The guideline value for Beema Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 has set the value at Rs 1,120 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is an increase of 12%. Notably, between the 2023 and 2024 revisions, there was a 12% increase, and from 2017 to 2023, the increase was 49%. The 2012 to 2017 revision saw a decrease of 33% in the guideline value.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, placing Beema Street's current value below that median.

• Bethal nagar: Rs 1,120 per sq.ft (2024)
• Bharathidasan Nagar: Rs 1,120 per sq.ft (2024)
• Bharathi nagar: Rs 1,456 per sq.ft (2024)
• Bangaru layout: Rs 1,120 per sq.ft (2024)
• Balusamy naidu layout: Rs 1,001 per sq.ft (2024)
• Bharathi Nagar Kamaraj Road: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Beema Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees to Rs 1,00,800. 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 Beema Street?

Beema Street is covered by the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the necessary fees and taxes, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Beema Street?

The current guideline value of Beema Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification of Beema Street?

Beema Street is classified as Residential Class I Type - III.

What are the other streets in Uppilipalayam with similar guideline values?

Other streets in Uppilipalayam with similar guideline values include Bethal nagar, Bharathidasan Nagar, and Bangaru layout, all valued at Rs 1,120 per sq.ft in 2024.

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

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