Guideline Value for Byepass Road

Byepass Road guideline value

The current guideline value of Byepass Road in Puliakulam village is Rs 1,210 per sq.ft, effective from 1 July 2024. This street falls under the Peelamedu Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Byepass Road has changed

The guideline value for Byepass Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,100 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,210 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

Between the revisions, significant changes have occurred. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The guideline value then experienced a 10% increase from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Puliakulam

Puliakulam village has 17 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,210 per sq.ft. The guideline value of Byepass Road is equal to the median value of Rs 1,210 per sq.ft for these streets.

• Indira Nagar: Rs 1,210 per sq.ft (2024)
• Alwin Nagar: Rs 1,210 per sq.ft (2024)
• Abirami Nagar: Rs 1,210 per sq.ft (2024)
• K.K.Nagar: Rs 1,210 per sq.ft (2024)
• N.S.Garden: Rs 1,000 per sq.ft (2024)
• Pari Nagar: Rs 1,210 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, resulting in a total of Rs 1,08,900. It is important to note that 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 Byepass Road?

The Byepass Road is covered by the Peelamedu Sub Registrar Office located at 6/1, Grd Road, Redfields, Coimbatore - 18, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Puliakulam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is based on a standardized value, providing clarity and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Byepass Road?

The current guideline value of Byepass Road is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Byepass Road has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Byepass Road?

Byepass Road is classified as Residential Class I Type - I under the Peelamedu SRO.

What are the stamp duty rates for property in Byepass Road?

The stamp duty for property transactions in Byepass Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.