Guideline Value for Bethel Nagar(SIHS colony)

Bethel Nagar(SIHS colony) guideline value

The current guideline value of Bethel Nagar(SIHS colony) is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the jurisdiction of the Singanallur SRO. The land classification for this property is Residential Class II Type - I.

How the guideline value of Bethel Nagar(SIHS colony) has changed

The guideline value for Bethel Nagar(SIHS colony) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,002 per sq.ft, which is a slight increase from the 2023 revision of Rs 1,000 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 335 per sq.ft, marking a significant increase of 199% from the 2017 to 2023 period. The 2012 revision had set the value at Rs 500 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure. Overall, from the 2012 revision to the 2024 revision, there has been an increase of 100%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The guideline value revisions for Bethel Nagar(SIHS colony) reflect the changing landscape of property valuation in the area.

Guideline values in Singanallur

In Singanallur village, there are 313 streets that have a guideline value for 2024, ranging from Rs 1,000 to Rs 3,360 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Bethel Nagar(SIHS colony) is below this median.

• Beema Street 1,2: Rs 1,680 per sq.ft (2024)
• Bazzar Street: Rs 1,680 per sq.ft (2024)
• Bharathi Nagar 1, 2, 3: Rs 1,000 per sq.ft (2024)
• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• Bannari Amman Nagar: Rs 1,003 per sq.ft (2024)
• Bharathi Nagar (Aerodrome Rd): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bethel Nagar(SIHS colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total charges to Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bethel Nagar(SIHS colony)?

Bethel Nagar(SIHS colony) falls under the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value for Bethel Nagar(SIHS colony)?

The current guideline value for Bethel Nagar(SIHS colony) is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 100% over that period.

What is the land classification for Bethel Nagar(SIHS colony)?

Bethel Nagar(SIHS colony) is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is stamp duty calculated for properties in Bethel Nagar(SIHS colony)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 at a rate of 7%.