Guideline Value for BOMMA NAICKEN PALAYAM

Bomma Naicken Palayam guideline value

The current guideline value of Bomma Naicken Palayam is Rs 703 per sq.ft. This value is effective from 1 July 2024 and falls under Thottipalayam village and the Thottipalayam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Bomma Naicken Palayam has changed

The guideline value for Bomma Naicken Palayam has seen several revisions over the years. The 2012 revision set the value at Rs 605 per sq.ft, which then changed to Rs 405 per sq.ft in 2017. This was a decrease of 33%. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the latest 2024 revision has set it at Rs 703 per sq.ft, reflecting no change from the previous year.

Looking at the overall changes, from 2012 to 2024, the guideline value has increased by 16%. The 2023 to 2024 revision shows no change in the guideline value, while the increase from 2017 to 2023 was a significant 73%.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO with guideline values ranging from Rs 700 to Rs 2,800 per sq.ft. The median guideline value in this area is Rs 806 per sq.ft, making Bomma Naicken Palayam's current value below that median.

• Bomma Naicken Palayam (Near By Nallaru): Rs 703 per sq.ft (2024)
• Boyyampalayam: Rs 703 per sq.ft (2024)
• Boyyampalayam (A.D.Colony): Rs 702 per sq.ft (2024)
• Chinnabommanaickenpalayam: Rs 700 per sq.ft (2024)
• Chinnabommanaickenpalayam (Near By Karupparayan Kovil): Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam (Near By Nallaru): Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Bomma Naicken Palayam

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, and the registration fee at 2% would be Rs 14,060. Together, the total cost for stamp duty and registration would be Rs 63,270. 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 detailed calculations.

Which Sub Registrar Office covers Bomma Naicken Palayam?

The Sub Registrar Office that covers Bomma Naicken Palayam is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thottipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When you proceed with a transaction, the guideline value will be compared to the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bomma Naicken Palayam?

The current guideline value of Bomma Naicken Palayam is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, reflecting an overall increase of 16% over this period.

What is the stamp duty rate for properties in Bomma Naicken Palayam?

The stamp duty rate for properties in Bomma Naicken Palayam is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Bomma Naicken Palayam?

The Sub Registrar Office for Bomma Naicken Palayam is located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.

What is the median guideline value in Thottipalayam?

The median guideline value in Thottipalayam is Rs 806 per sq.ft, with Bomma Naicken Palayam's current value being below this median.