Guideline Value for Beemar Agrakaram

Beemar Agrakaram guideline value

The current guideline value of Beemar Agrakaram is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 6, under the Dharapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Beemar Agrakaram has changed

The guideline value for Beemar Agrakaram has seen several revisions over the years. The earliest figure recorded was Rs 121 per sq.ft in 2002, which increased to Rs 136 per sq.ft in 2003. There is no figure available for the year 2007. In 2012, the value rose to Rs 725 per sq.ft, but then it decreased to Rs 486 per sq.ft in 2017. The subsequent revision in 2023 saw a significant increase to Rs 726 per sq.ft, followed by the most recent figure of Rs 800 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 561%. Notably, the increase from 2012 to 2017 was a decrease of 33%, while the jump from 2017 to 2023 was a substantial increase of 49%. The highest increase recorded was from 2003 to 2012, which saw a rise of 433%.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO, with guideline values ranging from Rs 645 to Rs 1,820 per sq.ft. The median value for these streets is Rs 1,330 per sq.ft, placing Beemar Agrakaram's 2024 figure below this median.

• Beemar Main Street: Rs 800 per sq.ft (2024)
• Beemar New Agrakaram: Rs 800 per sq.ft (2024)
• Bharathiyar Street: Rs 1,330 per sq.ft (2024)
• Big Bazar Street (West side 1to156): Rs 1,820 per sq.ft (2024)
• Anna Nagar: Rs 1,330 per sq.ft (2024)
• Chiviyar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Beemar Agrakaram

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that 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 Beemar Agrakaram?

The Sub Registrar Office that covers Beemar Agrakaram is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value serves as a benchmark for property transactions in Dharapuram Ward 6. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property transactions. Understanding the guideline value helps ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Beemar Agrakaram?

The current guideline value of Beemar Agrakaram is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 121 per sq.ft in 2002 to Rs 800 per sq.ft in 2024, reflecting a total increase of 561% over this period.

What are the registration fees for property in Beemar Agrakaram?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which office handles property registrations for Beemar Agrakaram?

The Dharapuram Sub Registrar Office is responsible for property registrations in Beemar Agrakaram, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the median guideline value for streets in Dharapuram Ward 6?

The median guideline value for streets in Dharapuram Ward 6 is Rs 1,330 per sq.ft, with Beemar Agrakaram's 2024 figure being below this median.