Guideline Value for BOMMANAIYAKKANPALAYAM EAST SRI GURUVAYURAPPAN NAGAR

Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar guideline value

The current guideline value of Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar 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 locality is Residential Class I Type - III.

How the guideline value of Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar has changed

The guideline value for Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 251%, bringing the value back to Rs 705 per sq.ft in 2023. The 2024 revision maintained this value at Rs 705 per sq.ft, showing no change from the previous year.

There are no recorded figures for this street in the revisions of 2002, 2003, and 2007. 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 that carry 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 current guideline value for Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar.

• Bommanaickenpalayam Son Garden: Rs 705 per sq.ft (2024)
• Bomma Naicken Palayam Nattham: 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 Bommanaiyakkanpalayam East Sri Guruvayurappan 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, bringing the total cost for these fees to Rs 63,450. Please 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 Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar?

The Sub Registrar Office that covers Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar 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 plays a crucial role 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 government receives appropriate revenue from property transactions.

When a buyer or seller approaches the Sub Registrar Office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar?

The current guideline value of Bommanaiyakkanpalayam East Sri Guruvayurappan 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 increased to Rs 705 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Neruperichal with similar guideline values?

Other streets in Neruperichal with a guideline value of Rs 705 per sq.ft in 2024 include Bommanaickenpalayam Son Garden, Bomma Naicken Palayam Nattham, Bommanaickenpalayam Balan Nagar, and Chinnappa Nagar.

What fees are associated with property transactions in this area?

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

Where can I find the Sub Registrar Office for this area?

The Tiruppur Joint I Sub Registrar Office covers Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.