Guideline Value for Beemar (or) Beemarao Street

Beemar (or) Beemarao Street guideline value

The current guideline value of Beemar (or) Beemarao Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kottuveerampalayam village and falls under the Sathyamangalam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Beemar (or) Beemarao Street has changed

The guideline value for Beemar (or) Beemarao Street has undergone several revisions over the years. In 2003, the value was Rs 104 per sq.ft, which increased to Rs 120 per sq.ft in 2007. This was a significant rise of 15%. The value then surged to Rs 600 per sq.ft in 2012, marking a substantial increase of 400%. However, it decreased to Rs 402 per sq.ft in 2017, reflecting a drop of 33%. The value then rose again to Rs 600 per sq.ft in 2023, followed by the current value of Rs 660 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 535%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kottuveerampalayam

Kottuveerampalayam has 17 streets under the Sathyamangalam SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the 2024 figure for Beemar (or) Beemarao Street.

• Bazaar Street: Rs 1,650 per sq.ft (2024)
• Kamatchi Sasthiri Street (or) Kamatchiyar Street: Rs 660 per sq.ft (2024)
• Kottuveerampalayam Kombupallam Part: Rs 825 per sq.ft (2024)
• Kottuveerampalayam Main Road: Rs 825 per sq.ft (2024)
• Mariamman Kovil Street (Padaiyachi Street): Rs 660 per sq.ft (2024)
• Mathimarathurai Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Beemar (or) Beemarao Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, together totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Beemar (or) Beemarao Street?

The Sub Registrar Office that covers Beemar (or) Beemarao Street is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kottuveerampalayam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for legal property transfers. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When you engage in a property transaction, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings, as it reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Beemar (or) Beemarao Street?

The current guideline value of Beemar (or) Beemarao Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 104 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 535% over the years.

What is the land classification for Beemar (or) Beemarao Street?

The land classification for Beemar (or) Beemarao Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Beemar (or) Beemarao Street?

The Sub Registrar Office for Beemar (or) Beemarao Street is located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.

How is the stamp duty calculated for properties in Beemar (or) Beemarao Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 660 per sq.ft, the stamp duty would amount to Rs 46,200.