Guideline Value for BODIPALAYAM ROAD

Bodipalayam Road guideline value

The current guideline value of Bodipalayam Road in Zaminuthukuzhi village is Rs 226 per sq.ft, effective from 1 July 2024. This property falls under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Bodipalayam Road has changed

The guideline value for Bodipalayam Road has seen several revisions over the years. In 2007, the guideline value was Rs 120 per sq.ft, which increased to Rs 225 per sq.ft in 2012. However, there was a decrease to Rs 151 per sq.ft in 2017, followed by a significant increase of 50% to Rs 226 per sq.ft in 2023. The current revision in 2024 maintains this value at Rs 226 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Bodipalayam Road. Overall, from 2007 to 2024, the guideline value has increased by 88%.

Guideline values in Zaminuthukuzhi

Zaminuthukuzhi village has a total of 58 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 200 to Rs 501 per sq.ft. The median value for these streets is Rs 226 per sq.ft, which is equal to the guideline value of Bodipalayam Road.

• Devanka Chettiar Street: Rs 200 per sq.ft (2024)
• Bangalaw Road: Rs 226 per sq.ft (2024)
• Eswaran Kovil Lane: Rs 226 per sq.ft (2024)
• Eswaran Kovil Street: Rs 226 per sq.ft (2024)
• Gandhi Nagar: Rs 200 per sq.ft (2024)
• Asariyar Street: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Bodipalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, totaling Rs 20,340. 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 Bodipalayam Road?

The Bodipalayam Road is covered by the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminuthukuzhi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This value is used to calculate the applicable fees, which are essential for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value of Bodipalayam Road?

The current guideline value of Bodipalayam Road is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 120 per sq.ft in 2007, increasing to Rs 225 per sq.ft in 2012, then decreasing to Rs 151 per sq.ft in 2017, and finally reaching Rs 226 per sq.ft in 2023 and 2024.

What is the land classification for Bodipalayam Road?

Bodipalayam Road is classified as Residential Special Type - II under the Pollachi SRO.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at the current rate results in a total fee of Rs 20,340.

Where can I find the Pollachi Sub Registrar Office?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001. You can also find your SRO through the provided link.