Guideline Value for Bye-pass Road

Bye-pass Road guideline value

The current guideline value of Bye-pass Road is Rs 3,000 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bye-pass Road has changed

The guideline value for Bye-pass Road has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,205 per sq.ft. This value increased significantly to Rs 2,700 per sq.ft in 2012, marking a rise of 124%. However, it then decreased to Rs 1,809 per sq.ft in 2017, representing a decline of 33%. The most recent revision in 2023 set the value at Rs 2,700 per sq.ft, which was a substantial increase of 49% from the previous figure. The current guideline value of Rs 3,000 per sq.ft effective from 1 July 2024 reflects an increase of 11% from the 2023 revision.

There are no figures available for Bye-pass Road in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 149%.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft, with a median value of Rs 3,400 per sq.ft. The guideline value of Bye-pass Road is below this median.

• Club Road: Rs 4,400 per sq.ft (2024)
• Cox Street (or) Palani Gounder Lane: Rs 3,200 per sq.ft (2024)
• Cox Street (or) Palani Gounder Street: Rs 3,400 per sq.ft (2024)
• Devi & Co Lane: Rs 6,200 per sq.ft (2024)
• Devi & Co Lane Main: Rs 6,200 per sq.ft (2024)
• Dhandumariyamman Kovil Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bye-pass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value would be Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total fees together to Rs 2,70,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bye-pass Road?

The Sub Registrar Office that covers Bye-pass Road is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-1

The guideline value is a crucial factor in the registration of property transactions in Ward-1. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is established by the Registration Department and serves as a reference point for property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bye-pass Road?

The current guideline value of Bye-pass Road is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,205 per sq.ft in 2007 to Rs 3,000 per sq.ft in 2024, with various revisions in between, including Rs 2,700 in 2012 and 2023.

What are the stamp duty rates for property in Bye-pass Road?

The stamp duty for property in Bye-pass Road is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bye-pass Road?

The Sub Registrar Office covering Bye-pass Road is located at the District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of Bye-pass Road?

Bye-pass Road is classified as Residential Class I Type - I, indicating its suitability for residential development.