Guideline Value for Bellathy Road (Ward 9)

Bellathy Road (Ward 9) guideline value

The current guideline value of Bellathy Road (Ward 9) is Rs 1,450 per sq.ft, effective from 1 July 2024. This road is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bellathy Road (Ward 9) has changed

The guideline value for Bellathy Road (Ward 9) has seen several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,300 per sq.ft in the 2023 revision, and finally rose to Rs 1,450 per sq.ft in the 2024 revision.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Bellathy Road (Ward 9) above this median at Rs 1,450 per sq.ft.

• Bellathi road (Ward 11): Rs 800 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 Bellathy Road (Ward 9)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value would be Rs 14,50,000. The stamp duty at 7% would amount to Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, resulting in a total of Rs 1,30,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bellathy Road (Ward 9)?

The Sub Registrar Office that covers Bellathy Road (Ward 9) 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Karamadai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value will be referenced to calculate the necessary fees, ensuring compliance with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of Bellathy Road (Ward 9)?

The current guideline value of Bellathy Road (Ward 9) is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,450 per sq.ft in 2024.

What is the median guideline value in Karamadai?

The median guideline value for the 180 streets in Karamadai is Rs 800 per sq.ft, with Bellathy Road (Ward 9) exceeding this median at Rs 1,450 per sq.ft.

What is the stamp duty rate for property in Bellathy Road (Ward 9)?

The stamp duty rate for property transactions in Bellathy Road (Ward 9) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bellathy Road (Ward 9)?

The Sub Registrar Office for Bellathy Road (Ward 9) is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.