Guideline Value for Bellathi road (Ward 11))

Bellathi road (Ward 11)) guideline value

The current guideline value of Bellathi road (Ward 11) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village under the Mettupalayam SRO, classified as Residential Class II Type - I.

How the guideline value of Bellathi road (Ward 11)) has changed

Over the years, the guideline value for Bellathi road (Ward 11) has seen several revisions. The earliest recorded figure is from 2012, set at Rs 800 per sq.ft. This remained unchanged in the 2017 revision. However, in 2017, the value was revised to Rs 536 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 800 per sq.ft, which was maintained in the 2024 revision, resulting in no percentage change from 2023 to 2024.

From 2012 to 2024, the overall change in guideline value is 0%. The significant change occurred between the 2017 and 2023 revisions, where there was a notable increase of 49% from Rs 536 per sq.ft to Rs 800 per sq.ft. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Karamadai

In Karamadai village, there are 180 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 340 to Rs 1,680 per sq.ft, with the median value being Rs 800 per sq.ft. The guideline value of Bellathi road (Ward 11) aligns perfectly with this median.

• Bellathy Road (Ward 9): Rs 1,450 per sq.ft (2024)
• Bharathi Avenue: Rs 800 per sq.ft (2024)
• Bharathi Estate Extension: Rs 360 per sq.ft (2024)
• Bharathi Estate Part II: Rs 360 per sq.ft (2024)
• Bharathi Estate Part III: Rs 360 per sq.ft (2024)
• Bharathi Estate Part IV: Rs 560 per sq.ft (2024)

Stamp duty and registration fee for property in Bellathi road (Ward 11))

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, bringing the total cost for these fees to Rs 72,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bellathi road (Ward 11))?

The Sub Registrar Office that covers Bellathi road (Ward 11) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karamadai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the property's worth as per the established guideline values.

Frequently asked questions

What is the current guideline value of Bellathi road (Ward 11)?

The current guideline value of Bellathi road (Ward 11) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 536 per sq.ft in 2017. The value saw a significant increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for property in Bellathi road (Ward 11)?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Bellathi road (Ward 11)?

The Mettupalayam Sub Registrar Office handles property registration for Bellathi road (Ward 11), located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

What is the land classification for Bellathi road (Ward 11)?

Bellathi road (Ward 11) is classified as Residential Class II Type - I, indicating its suitability for residential development.