Guideline Value for Beemgounder street

Beemgounder street guideline value

The current guideline value of Beemgounder street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Kodumudi village, under the Kodumudi SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Beemgounder street has changed

The guideline value for Beemgounder street has seen several revisions over the years. In the 2003 revision, the value was Rs 101 per sq.ft, which increased to Rs 125 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 600 per sq.ft, followed by a decrease to Rs 402 per sq.ft in 2017. The value remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 494%. The 2017 revision marked a 49% increase from the previous year, while the 2012 to 2017 period saw a decrease of 33%. The most notable change was from 2007 to 2012, where the value surged by 380%.

Guideline values in Kodumudi

Kodumudi village has a total of 92 streets under the Kodumudi SRO, with guideline values ranging from Rs 200 to Rs 600 per sq.ft as of 2024. Beemgounder street's guideline value is above the median of Rs 200 per sq.ft.

• Arumugagounder street: Rs 200 per sq.ft (2024)
• Arasampalayam Nadar street: Rs 200 per sq.ft (2024)
• Arasampalayam Harijana colony: Rs 200 per sq.ft (2024)
• Chandrasekarapillai theu: Rs 600 per sq.ft (2024)
• Chinnagounder theru: Rs 200 per sq.ft (2024)
• Cholakali palayam road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Beemgounder street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Beemgounder street?

The Sub Registrar Office that covers Beemgounder street is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodumudi. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Beemgounder street?

The current guideline value of Beemgounder street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Beemgounder street has changed several times, with the most recent revision in 2024 maintaining the value at Rs 600 per sq.ft, unchanged from 2023. The value increased significantly from Rs 101 per sq.ft in 2003 to Rs 600 per sq.ft in 2012.

What is the classification of Beemgounder street?

Beemgounder street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Beemgounder street?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Beemgounder street located?

The Kodumudi Sub Registrar Office, which covers Beemgounder street, is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.