Guideline Value for BOGAIN VILLEA EXTENSION

Bogain Villea Extension guideline value

The current guideline value of Bogain Villea Extension is Rs 1,795 per sq.ft, effective from 1 July 2024. This property is located in Kalapatty_west village under the Gandhipuram SRO, classified as Residential Class V Type - I.

How the guideline value of Bogain Villea Extension has changed

Over the years, the guideline value for Bogain Villea Extension has seen several revisions. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,600 per sq.ft, which increased to Rs 1,795 per sq.ft in the 2024 revision, marking a change of +12%.

The 2024 revision reflects the current market scenario, where the guideline value has risen from Rs 1,600 per sq.ft in 2023 to Rs 1,795 per sq.ft in 2024. This increase indicates a notable adjustment in property valuation within the area.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, and Bogain Villea Extension's 2024 figure is above this median.

• B M R Layout: Rs 1,065 per sq.ft (2024)
• Boopathi Street (Thottipalayam): Rs 1,045 per sq.ft (2024)
• Brinda Nagar: Rs 1,040 per sq.ft (2024)
• B Vijayalakshmi Avenue: Rs 1,050 per sq.ft (2024)
• Casa Grande: Rs 1,060 per sq.ft (2024)
• Cheran Avenue Phase III: Rs 1,065 per sq.ft (2024)

Stamp duty and registration fee for property in Bogain Villea Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,795 per sq.ft, the total guideline value amounts to Rs 17,95,000. The stamp duty at 7% would be Rs 1,25,650, and the registration fee at 2% would be Rs 35,900, totaling Rs 1,61,550. 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 information.

Which Sub Registrar Office covers Bogain Villea Extension?

The Sub Registrar Office that covers Bogain Villea Extension is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, 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 Kalapatty_west

The guideline value is a crucial factor when buying or selling property in Kalapatty_west. It serves as a benchmark for determining the minimum value of the property, ensuring that transactions are conducted fairly and transparently.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bogain Villea Extension?

The current guideline value of Bogain Villea Extension is Rs 1,795 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 12% from Rs 1,600 per sq.ft in 2023 to Rs 1,795 per sq.ft in 2024.

What are the guideline values for other streets in Kalapatty_west?

Other streets in Kalapatty_west have varying guideline values, ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,060 per sq.ft.

What factors determine the stamp duty and registration fee?

The stamp duty and registration fee are calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the fees reflect the true value of the property being transacted.

Where can I find the Sub Registrar Office for Bogain Villea Extension?

The Sub Registrar Office for Bogain Villea Extension is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.