Guideline Value for BOMMANAICKENPALAYAM SON GARDEN

Bommanaickenpalayam Son Garden guideline value

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

How the guideline value of Bommanaickenpalayam Son Garden has changed

The guideline value for Bommanaickenpalayam Son Garden has undergone several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value saw a significant increase of 251% to reach Rs 705 per sq.ft in 2023. The 2024 revision maintained this figure at Rs 705 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 135%.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO carrying a 2024 guideline value ranging from Rs 700 to Rs 1,008 per sq.ft. The median value for these streets is Rs 705 per sq.ft, which is equal to the guideline value for Bommanaickenpalayam Son Garden. Below are the guideline values for other streets in Neruperichal:

• Bomma Naicken Palayam Nattham: Rs 705 per sq.ft (2024)
• Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar: Rs 705 per sq.ft (2024)
• Bommanaickenpalayam Balan 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 Son Garden

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, bringing the total fees to Rs 63,450. 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 Bommanaickenpalayam Son Garden?

The Sub Registrar Office that covers Bommanaickenpalayam Son Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 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 stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller adhere to the legal requirements set forth by the registration authorities. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for Bommanaickenpalayam Son Garden?

The current guideline value for Bommanaickenpalayam Son Garden 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 increased to Rs 705 per sq.ft in 2023, and remained the same in 2024.

What is the land classification for Bommanaickenpalayam Son Garden?

Bommanaickenpalayam Son Garden is classified as Residential Class I Type - III.

Where can I find the registration office for Bommanaickenpalayam Son Garden?

The registration office for Bommanaickenpalayam Son Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for properties in Neruperichal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,05,000, the stamp duty would be calculated at 7% of that amount.