Guideline Value for Byepass Road

Byepass Road guideline value

The current guideline value of Byepass Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Sanganur village, under the Gandhipuram SRO, and is classified as Residential Special Type - II.

How the guideline value of Byepass Road has changed

The guideline value for Byepass Road has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 178%. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 2,500 per sq.ft in 2023, reflecting a substantial increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft, which is a 12% increase from the previous year.

It is important to note that there are no registered figures for Byepass Road in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 211%.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing Byepass Road's 2024 figure above this median.

• Bykara Office Road: Rs 2,240 per sq.ft (2024)
• Brinda Street: Rs 1,120 per sq.ft (2024)
• Chairman Raju Nagar: Rs 1,120 per sq.ft (2024)
• Chellappan Street: Rs 1,100 per sq.ft (2024)
• Chenniyappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chinaraj Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Byepass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total fees together Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Byepass Road?

The Sub Registrar Office that covers Byepass Road is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sanganur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Byepass Road?

The current guideline value of Byepass Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 900 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 211%.

What is the land classification for Byepass Road?

Byepass Road is classified as Residential Special Type - II under the Gandhipuram SRO.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% on the higher of the guideline value or the sale price, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 2,52,000.

Where can I find the Sub Registrar Office for Byepass Road?

The Sub Registrar Office for Byepass Road is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.