Guideline Value for Big stret

Big stret guideline value

The current guideline value for Big stret in Uppilipalayam village, under the Singanallur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Big stret has changed

The guideline value for Big stret has undergone several revisions over the years. In 2012, the value was set at Rs 875 per sq.ft, which then decreased to Rs 586 per sq.ft in 2017. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, and it has now slightly increased to Rs 1,001 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 71%. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values for 2024 ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, placing Big stret's 2024 figure below that median.

• Bharath nagar (N K Palayam): Rs 1,232 per sq.ft (2024)
• Bharathi road: Rs 1,232 per sq.ft (2024)
• Bharathi Puram: Rs 1,120 per sq.ft (2024)
• Bharathi nagar ( N K palayam): Rs 1,232 per sq.ft (2024)
• Bharathi Nagar Kamaraj Road: Rs 1,680 per sq.ft (2024)
• Bharathi nagar: Rs 1,456 per sq.ft (2024)

Stamp duty and registration fee for property in Big stret

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total amount Rs 90,090. 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.

Which Sub Registrar Office covers Big stret?

The Sub Registrar Office that covers Big stret 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 when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the minimum price at which a property can be registered. The registration office uses this value to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price must be equal to or greater than the guideline value. If the sale price is lower than the guideline value, the higher amount will be used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Big stret?

The current guideline value for Big stret is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Big stret has changed from Rs 875 per sq.ft in 2012 to Rs 586 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,001 per sq.ft in 2024.

What is the land classification for Big stret?

Big stret is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Big stret?

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

How is stamp duty calculated for property in Big stret?

Stamp duty for property in Big stret is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,070.