Guideline Value for Beemar Main Street

Beemar Main Street guideline value

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

How the guideline value of Beemar Main Street has changed

The guideline value for Beemar Main Street has seen several revisions over the years. In 2002, the value was Rs 121 per sq.ft, which increased to Rs 136 per sq.ft in 2003, marking a 12% rise. There was no figure recorded for this street in 2007. The value then rose to Rs 725 per sq.ft in 2012, but saw a decrease of 33% to Rs 486 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 726 per sq.ft in 2023, and is set to rise by 10% to Rs 800 per sq.ft in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 561%. The changes between the revisions highlight the fluctuations in property values over the years, reflecting a complex landscape of real estate in the area.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO with a 2024 guideline value 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 Main Street's 2024 figure below the median.

• Beemar Agrakaram: 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 Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees Rs 72,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Beemar Main Street?

The Sub Registrar Office covering Beemar Main Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Dharapuram Ward 6. It helps determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Beemar Main Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 121 per sq.ft in 2002 to Rs 800 per sq.ft in 2024, reflecting an overall increase of 561% over the years.

What is the stamp duty rate for properties in Beemar Main Street?

The stamp duty rate for properties in Beemar Main Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Beemar Main Street?

The Sub Registrar Office for Beemar Main Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What are the other streets in Dharapuram Ward 6 with similar guideline values?

Other streets in Dharapuram Ward 6 have varying guideline values, with some streets like Beemar Agrakaram and Beemar New Agrakaram also valued at Rs 800 per sq.ft in 2024.