Guideline Value for Bettham Palayam P.S.Kuppusamy Gounder Street (882/1,2,3,884/3)

Bettham Palayam P.S.Kuppusamy Gounder Street (882/1,2,3,884/3) guideline value

The current guideline value for Bettham Palayam P.S.Kuppusamy Gounder Street (882/1,2,3,884/3) is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Pethampalayam village under the Thingalur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Bettham Palayam P.S.Kuppusamy Gounder Street (882/1,2,3,884/3) has changed

Over the years, the guideline value for Bettham Palayam P.S.Kuppusamy Gounder Street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft. The value then increased by 50% to Rs 250 per sq.ft in the 2023 revision. The current 2024 revision also maintains this value at Rs 250 per sq.ft, resulting in no change from the previous year.

It is important to note that the guideline value register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows no increase, as it remains at Rs 250 per sq.ft.

Guideline values in Pethampalayam

Pethampalayam village has 19 streets under the Thingalur SRO with a 2024 guideline value ranging from Rs 200 to Rs 250 per sq.ft. The median value for these streets is Rs 200 per sq.ft, indicating that Bettham Palayam P.S.Kuppusamy Gounder Street's 2024 figure is above the median.

• Chellappa Gounder Valasu S.K.ChinnaGounder Street (1167/2,1165,1176): Rs 200 per sq.ft (2024)
• Elayampalayam Rasagounder Street (367/5): Rs 200 per sq.ft (2024)
• Iyyampudur Palanisamy Gounder Street (185/9): Rs 200 per sq.ft (2024)
• Karukkampalayam Kamarajar Street (783): Rs 250 per sq.ft (2024)
• Karukkampalayam Kamaraj Street (783): Rs 250 per sq.ft (2024)
• Karukkampalayam K.Shanmugam Street (778): Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bettham Palayam P.S.Kuppusamy Gounder Street (882/1,2,3,884/3)

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bettham Palayam P.S.Kuppusamy Gounder Street (882/1,2,3,884/3)?

The Sub Registrar Office that covers Bettham Palayam P.S.Kuppusamy Gounder Street is the Thingalur Sub Registrar Office, located at 7/86, Kasukaranpalayam, Thingalur, Perundurai Tk, Erode Dt-638055, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Pethampalayam. When a property is registered, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration process will require the payment of fees based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Bettham Palayam P.S.Kuppusamy Gounder Street?

The current guideline value for Bettham Palayam P.S.Kuppusamy Gounder Street (882/1,2,3,884/3) is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. It was Rs 250 per sq.ft in 2012, dropped to Rs 167 per sq.ft in 2017, returned to Rs 250 per sq.ft in 2023, and remains at Rs 250 per sq.ft in 2024.

What is the land classification for this street?

Bettham Palayam P.S.Kuppusamy Gounder Street is classified as Commercial Class I Type - I. This classification can affect the types of developments permitted in the area.

Where can I find the registration office for this street?

The registration office for Bettham Palayam P.S.Kuppusamy Gounder Street is the Thingalur Sub Registrar Office, located at 7/86, Kasukaranpalayam, Thingalur, Perundurai Tk, Erode Dt-638055, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.