Guideline Value for Bethel nagar

Bethel nagar guideline value

The current guideline value of Bethel nagar is Rs 220 per sq.ft, effective from 1 July 2024. Bethel nagar is located in Pattanam village under the Singanallur SRO, classified as Residential Class III Type - I.

How the guideline value of Bethel nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure then decreased to Rs 134 per sq.ft in the 2017 revision, marking a reduction of 33%. However, the value significantly increased to Rs 200 per sq.ft in the 2023 revision, followed by a further rise to Rs 220 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, there has been a 10% increase. The changes in the guideline value indicate fluctuations over the years, with the most recent figure aligning with the median value for the area.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,815 per sq.ft. The median value is Rs 220 per sq.ft, which is equal to the guideline value of Bethel nagar.

• Bharathi Street: Rs 415 per sq.ft (2024)
• Bharathiyar Nagar: Rs 220 per sq.ft (2024)
• Balan Nagar: Rs 165 per sq.ft (2024)
• Bagavathiamman kovil Street: Rs 220 per sq.ft (2024)
• Astalakshmi Nagar: Rs 330 per sq.ft (2024)
• A S Nagar Extension: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Bethel nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. 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 further calculations.

Which Sub Registrar Office covers Bethel nagar?

The Sub Registrar Office that covers Bethel 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 Pattanam

The guideline value is a crucial factor when registering property transactions in Pattanam. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark for the transaction price. This ensures transparency and compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Bethel nagar?

The current guideline value of Bethel nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value of Bethel nagar changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification of Bethel nagar?

Bethel nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

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

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

How is stamp duty calculated for properties in Bethel nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 2,20,000, the stamp duty at 7% would be Rs 15,400.