Guideline Value for Bethal nagar

Bethal nagar guideline value

The current guideline value of Bethal nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class I Type - III.

How the guideline value of Bethal nagar has changed

Over the years, the guideline value of Bethal nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision brought it back up to Rs 1,000 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,120 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The increase from 2023 to 2024 is recorded at 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Uppilipalayam

Uppilipalayam village has a total of 361 streets under the Singanallur SRO, with 2024 guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, which means that the guideline value of Bethal nagar is below this median.

• Beema Street: Rs 1,120 per sq.ft (2024)
• Bharathidasan Nagar: Rs 1,120 per sq.ft (2024)
• Bharathi nagar: Rs 1,456 per sq.ft (2024)
• Bharathi Nagar Kamaraj Road: Rs 1,680 per sq.ft (2024)
• Bharathi nagar ( N K palayam): Rs 1,232 per sq.ft (2024)
• Bangaru layout: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Bethal nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees together to Rs 1,00,800. 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Bethal nagar?

The Sub Registrar Office that covers Bethal nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uppilipalayam. It serves as a benchmark for the minimum price at which a property can be registered. When buying or selling property, the guideline value helps determine the stamp duty and registration fees payable to the government.

During the registration process, the buyer must ensure that the sale price is not lower than the guideline value. This ensures that the government receives the appropriate taxes based on the established guideline value, which is regularly revised to reflect current market conditions.

Frequently asked questions

What is the current guideline value of Bethal nagar?

The current guideline value of Bethal nagar is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Bethal nagar?

Bethal nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Bethal nagar?

For a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 and the registration fee would be Rs 22,400, totaling Rs 1,00,800.

Where can I find the Sub Registrar Office for Bethal nagar?

The Sub Registrar Office for Bethal nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.