Guideline Value for BOOPATHI STREET (THOTTIPALAYAM)

Boopathi Street (Thottipalayam) guideline value

The current guideline value of Boopathi Street (Thottipalayam) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Residential Class II Type - II.

How the guideline value of Boopathi Street (Thottipalayam) has changed

Over the years, the guideline value of Boopathi Street (Thottipalayam) has seen significant changes. The 2017 revision recorded a guideline value of Rs 268 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in the 2023 revision, marking a 273% increase. The most recent revision in 2024 has set the guideline value at Rs 1,040 per sq.ft, reflecting a 4% increase from the previous year.

It is important to note that the register has no figures for Boopathi Street (Thottipalayam) for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 288%.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,055 per sq.ft. The guideline value of Boopathi Street (Thottipalayam) is below this median.

• B M R Layout: Rs 1,065 per sq.ft (2024)
• Brinda Nagar: Rs 1,035 per sq.ft (2024)
• B Vijayalakshmi Avenue: Rs 1,045 per sq.ft (2024)
• Cheran Avenue Phase I And II: Rs 1,065 per sq.ft (2024)
• Cheran Avenue Phase III: Rs 1,010 per sq.ft (2024)
• Cheran Garden: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathi Street (Thottipalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, while the registration fee at 2% would be Rs 20,800, leading to a total of Rs 93,600. 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 Boopathi Street (Thottipalayam)?

The Sub Registrar Office covering Boopathi Street (Thottipalayam) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

When buying or selling property in KALAPATTY_East, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to accurately estimate the costs associated with property registration. This knowledge helps in planning the financial aspects of the transaction effectively.

Frequently asked questions

What is the current guideline value of Boopathi Street (Thottipalayam)?

The current guideline value of Boopathi Street (Thottipalayam) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 1,040 per sq.ft in 2024, marking an overall increase of 288% over this period.

What are the guideline values of other streets in KALAPATTY_East?

Other streets in KALAPATTY_East have guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft, with the median being Rs 1,055 per sq.ft.

What is the stamp duty rate for properties in Boopathi Street (Thottipalayam)?

The stamp duty rate for properties in Boopathi Street (Thottipalayam) is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Boopathi Street (Thottipalayam) located?

The Sub Registrar Office for Boopathi Street (Thottipalayam) is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.