Guideline Value for BOMMA NAICKEN PALAYAM NATTHAM

Bomma Naicken Palayam Nattham guideline value

The current guideline value of Bomma Naicken Palayam Nattham is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Neruperichal village and falls under the Tiruppur Joint I SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Bomma Naicken Palayam Nattham has changed

The guideline value for Bomma Naicken Palayam Nattham has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 705 per sq.ft. The 2024 revision, effective from 1 July 2024, also maintains the value at Rs 705 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 251%. Overall, from 2017 to 2024, the increase remains at 251%, indicating a significant change in the valuation of this property over the years.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 1,008 per sq.ft. The median value for these streets is Rs 705 per sq.ft, which aligns with the current guideline value of Bomma Naicken Palayam Nattham.

• Bommanaickenpalayam Balan Nagar: Rs 705 per sq.ft (2024)
• Bommanaickenpalayam Son Garden: Rs 705 per sq.ft (2024)
• Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar: Rs 705 per sq.ft (2024)
• Chinnappa Nagar: Rs 705 per sq.ft (2024)
• City Garden Ext: Rs 708 per sq.ft (2024)
• Bharathi Nagar: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Bomma Naicken Palayam Nattham

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, making the total cost for these fees Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bomma Naicken Palayam Nattham?

The Sub Registrar Office that covers Bomma Naicken Palayam Nattham is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Neruperichal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Bomma Naicken Palayam Nattham?

The current guideline value for Bomma Naicken Palayam Nattham is Rs 705 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 201 per sq.ft to Rs 705 per sq.ft in 2024, marking a change of 251% overall.

Which Sub Registrar Office is responsible for Bomma Naicken Palayam Nattham?

The Tiruppur Joint I Sub Registrar Office is responsible for Bomma Naicken Palayam Nattham, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

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

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 63,450.

What is the land classification for Bomma Naicken Palayam Nattham?

The land classification for Bomma Naicken Palayam Nattham is Residential Class I Type - III, which indicates its suitability for residential development.