Guideline Value for BOYAR STREET

Boyar Street guideline value

The current guideline value of Boyar Street is Rs 1,045 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Boyar Street has changed

Boyar Street has undergone several revisions in its guideline value over the years. The earliest recorded figure is from 2012, where the value was Rs 300 per sq.ft. It then decreased to Rs 201 per sq.ft in 2017. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, followed by another rise to the current value of Rs 1,045 per sq.ft in 2024, marking a 5% increase from the previous year.

There are no recorded figures for Boyar Street in the years 2002, 2003, and 2007. The increase from 2017 to 2023 was a remarkable 398%, and the overall change from 2012 to 2024 is an increase of 248%.

Guideline values in Saravanmpatty.

Saravanmpatty has a total of 180 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median guideline value in this area is Rs 1,060 per sq.ft, which means Boyar Street's 2024 value is below the median.

• Bose Garden: Rs 1,055 per sq.ft (2024)
• Brahma Camellia: Rs 1,170 per sq.ft (2024)
• Boopathy Nagar: Rs 1,055 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 Boyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value would be Rs 10,45,000. The stamp duty at 7% would amount to Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total fees to Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boyar Street?

The Sub Registrar Office that covers Boyar Street is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Saravanmpatty. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to refer to the latest guideline values to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Boyar Street?

The current guideline value of Boyar Street is Rs 1,045 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2012 to Rs 1,045 per sq.ft in 2024, marking an overall increase of 248% over the years.

What is the registration fee for property in Boyar Street?

The registration fee for property in Boyar Street is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,45,000, the registration fee would be Rs 20,900 at 2%.

Where is the Sub Registrar Office for Boyar Street located?

The Sub Registrar Office for Boyar Street is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore.

What are the other streets in Saravanmpatty with their guideline values?

Other streets in Saravanmpatty include Bose Garden at Rs 1,055 per sq.ft, Brahma Camellia at Rs 1,170 per sq.ft, and Chidambaram Nagar at Rs 1,685 per sq.ft, among others.