Guideline Value for BOMMANAICKENPALAYAM BALAN NAGAR

Bommanaickenpalayam Balan Nagar guideline value

The current guideline value of Bommanaickenpalayam Balan Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Neruperichal village, under the Tiruppur Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bommanaickenpalayam Balan Nagar has changed

The guideline value for Bommanaickenpalayam Balan Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which increased to Rs 201 per sq.ft in the 2017 revision. This marked a decline of 33%. Following that, the value rose significantly to Rs 705 per sq.ft in both the 2023 and 2024 revisions, representing an increase of 251% from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 135%. The consistent value of Rs 705 per sq.ft in the last two revisions indicates stability in the guideline value for this area.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO, with the 2024 guideline values ranging from Rs 700 to Rs 1,008 per sq.ft. The median value is Rs 705 per sq.ft, placing Bommanaickenpalayam Balan Nagar at this median rate.

• Bomma Naicken Palayam Nattham: 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 Bommanaickenpalayam Balan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100. Together, these fees total 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bommanaickenpalayam Balan Nagar?

The Bommanaickenpalayam Balan Nagar area is covered by 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 in the registration process when buying or selling property in Neruperichal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value as per government standards.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bommanaickenpalayam Balan Nagar?

The current guideline value of Bommanaickenpalayam Balan Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 705 per sq.ft in 2023 and 2024. This represents an overall increase of 135% from 2012 to 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 7,05,000, the total fees would amount to Rs 63,450.

Which office handles property registration for Bommanaickenpalayam Balan Nagar?

The Tiruppur Joint I Sub Registrar Office handles property registration for Bommanaickenpalayam Balan Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Bommanaickenpalayam Balan Nagar?

Bommanaickenpalayam Balan Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.