Guideline Value for Bykara Office Road

Bykara Office Road guideline value

The current guideline value of Bykara Office Road is Rs 2,240 per sq.ft, effective from 1 July 2024. This road is located in Sanganur, under the Gandhipuram Sub Registrar Office (SRO), and is classified as Residential Special Type - III.

How the guideline value of Bykara Office Road has changed

Over the years, the guideline value of Bykara Office Road has seen several revisions. In the 2007 revision, the value was Rs 550 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, it then decreased to Rs 1,340 per sq.ft in the 2017 revision. The 2023 revision marked another increase to Rs 2,000 per sq.ft, and the latest 2024 revision has set the value at Rs 2,240 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The guideline value rose by 12% from 2023 to 2024. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 307%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

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

• Byepass Road: Rs 2,800 per sq.ft (2024)
• Chairman Raju Nagar: Rs 1,120 per sq.ft (2024)
• Brinda Street: 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 Bykara Office Road

For a 1,000 sq.ft plot at the current rate of Rs 2,240 per sq.ft, the guideline value would be Rs 22,40,000. The stamp duty at 7% would be Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total to Rs 2,01,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bykara Office Road?

The Sub Registrar Office that covers Bykara Office 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 information.

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

The guideline value is an important factor in the registration process when buying or selling property in Sanganur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bykara Office Road?

The current guideline value of Bykara Office Road is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, marking an overall increase of 307% over the years.

What is the land classification of Bykara Office Road?

Bykara Office Road is classified as Residential Special Type - III under the guideline value register.

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

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

How is stamp duty calculated for properties in Sanganur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,40,000, the stamp duty would be calculated at 7% of that amount.