Guideline Value for Beemar New Agrakaram

Beemar New Agrakaram guideline value

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

How the guideline value of Beemar New Agrakaram has changed

The guideline value for Beemar New Agrakaram has seen several revisions over the years. Starting from Rs 106 per sq.ft in 2002, the value increased to Rs 121 per sq.ft in 2003, marking a 14% rise. However, there is no figure available for this street in the 2007 revision. The value then rose to Rs 725 per sq.ft in 2012, which was a significant increase of 499% from the 2003 figure. In 2017, the value decreased to Rs 486 per sq.ft, reflecting a decline of 33% from the 2012 revision. The 2023 revision saw an increase to Rs 726 per sq.ft, which was a 49% rise from 2017. Finally, the current guideline value is Rs 800 per sq.ft as of the 2024 revision, representing a 10% increase from the previous year.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO that have a 2024 guideline value ranging from Rs 645 to Rs 1,820 per sq.ft, with a median value of Rs 1,330 per sq.ft. Beemar New Agrakaram's 2024 guideline value is below this median.

• Beemar Main Street: Rs 800 per sq.ft (2024)
• Beemar 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 New 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 amount to Rs 56,000, while 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 higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Beemar New Agrakaram?

The Sub Registrar Office that covers Beemar New 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 is a crucial factor in the registration process for property transactions in Dharapuram Ward 6. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price as per the government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Beemar New Agrakaram?

The current guideline value of Beemar New 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 changed significantly from Rs 106 per sq.ft in 2002 to Rs 800 per sq.ft in 2024, with various increases and one decrease recorded in the intervening years.

What are the stamp duty and registration fees for property in Beemar New Agrakaram?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles property registration for Beemar New Agrakaram?

The Dharapuram Sub Registrar Office handles property registration for Beemar New Agrakaram, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties and is essential for calculating stamp duty and registration fees during property transactions.