Guideline Value for BOOPATHY NAGAR

Boopathy Nagar guideline value

The current guideline value of Boopathy Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024. This area is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Boopathy Nagar has changed

The guideline value of Boopathy Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and most recently, it has been set at Rs 1,055 per sq.ft in 2024. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 149%. The overall change from 2012 to 2024 shows an increase of 76% in the guideline value.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are a total of 180 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, which means Boopathy Nagar's current guideline value is below that median.

• Bose Garden: Rs 1,055 per sq.ft (2024)
• Boyar Street: Rs 1,045 per sq.ft (2024)
• Brahma Camellia: Rs 1,170 per sq.ft (2024)
• Buthar Veethi: Rs 1,045 per sq.ft (2024)
• Chidambaram Nagar: Rs 1,685 per sq.ft (2024)
• Chitra Nagar: Rs 1,685 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value comes to Rs 10,55,000. The stamp duty at 7% amounts to Rs 73,850, and the registration fee at 2% is Rs 21,100, bringing the total fees to Rs 94,950. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boopathy Nagar?

Boopathy Nagar falls under 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 Saravanmpatty.

The guideline value is a crucial factor when buying or selling property in Saravanmpatty. It is used to determine the stamp duty and registration fees that are applicable during the registration process, ensuring that both buyers and sellers are aware of the financial obligations involved.

When a property transaction occurs, the guideline value serves as a benchmark for the transaction value. This means that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Boopathy Nagar?

The current guideline value of Boopathy Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 600 per sq.ft in 2012 to Rs 1,055 per sq.ft in 2024, with notable changes in between, including a rise of 149% from 2017 to 2023.

What are the stamp duty and registration fees for properties in Boopathy Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,55,000, with stamp duty at Rs 73,850 and registration fees at Rs 21,100, totaling Rs 94,950.

Which Sub Registrar Office covers Boopathy Nagar?

Boopathy Nagar is covered by the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station on Kalapatti Road.

What is the median guideline value in Saravanmpatty?

The median guideline value for streets in Saravanmpatty is Rs 1,060 per sq.ft, which is higher than the current value of Boopathy Nagar.