Guideline Value for Bhemanarayanan Street (or) Layout

Bhemanarayanan Street (or) Layout guideline value

The current guideline value for Bhemanarayanan Street (or) Layout is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO, classified as Industries Type - I.

How the guideline value of Bhemanarayanan Street (or) Layout has changed

The guideline value for Bhemanarayanan Street has undergone several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, it saw a decline to Rs 1,206 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 1,800 per sq.ft, followed by the current value of Rs 1,980 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 65%. The changes between the revisions are notable; from 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. This illustrates the fluctuations in the guideline values over the years.

Guideline values in Ward 10

In Ward 10 under the Peelamedu SRO, there are 224 streets with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bhemanarayanan Street's current guideline value is below this median.

• Black Marayamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Bharathiyar Road: Rs 3,850 per sq.ft (2024)
• Bharathipuram Road: Rs 1,320 per sq.ft (2024)
• Bharathipuram Huts: Rs 1,320 per sq.ft (2024)
• Bazar Street: Rs 2,200 per sq.ft (2024)
• Balasundaram Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Bhemanarayanan Street (or) Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhemanarayanan Street (or) Layout?

The Sub Registrar Office covering Bhemanarayanan Street (or) Layout is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a critical factor in the registration process when buying or selling property in Ward 10. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is legally compliant and accurately recorded.

Frequently asked questions

What is the current guideline value for Bhemanarayanan Street (or) Layout?

The current guideline value for Bhemanarayanan Street (or) Layout is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,78,200.

Which Sub Registrar Office covers Bhemanarayanan Street (or) Layout?

The Peelamedu Sub Registrar Office covers Bhemanarayanan Street (or) Layout, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

Where does Bhemanarayanan Street (or) Layout stand compared to other streets in Ward 10?

Bhemanarayanan Street's guideline value of Rs 1,980 per sq.ft is below the median guideline value of Rs 2,200 per sq.ft for Ward 10, where values range from Rs 1,000 to Rs 7,700 per sq.ft.