Guideline Value for BOYAR STREET

Boyar Street guideline value

The current guideline value of Boyar Street in Naranapuram village, under the Palladam SRO, is Rs 445 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Boyar Street has changed

The guideline value for Boyar Street has seen several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which was then reduced to Rs 301 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased by 50% to Rs 450 per sq.ft in the 2023 revision. However, in the 2024 revision, the value decreased slightly to Rs 445 per sq.ft, a change of -1% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Boyar Street. Overall, from 2012 to 2024, the guideline value has decreased by 1%.

Guideline values in Naranapuram

Naranapuram village has a total of 64 streets under the Palladam SRO, with guideline values ranging from Rs 301 to Rs 1,060 per sq.ft. The median value among these streets is Rs 445 per sq.ft, which is equal to the guideline value of Boyar Street for 2024.

• Chinnamuppan Street: Rs 445 per sq.ft (2024)
• Chinniya Gounder Street: Rs 720 per sq.ft (2024)
• Dharapuram Road: Rs 445 per sq.ft (2024)
• Barpar Street: Rs 445 per sq.ft (2024)
• Ganapathi Nagar: Rs 775 per sq.ft (2024)
• Avinasi Salai: Rs 445 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 445 per sq.ft, the total guideline value amounts to Rs 4,45,000. The stamp duty, charged at 7%, would be Rs 31,150, while the registration fee at 2% would be Rs 8,900. Together, the total cost for these fees would be Rs 40,050. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boyar Street?

The Sub Registrar Office that covers Boyar Street is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naranapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is standardized and transparent, reflecting the official value of the property.

Frequently asked questions

What is the current guideline value of Boyar Street?

The current guideline value of Boyar Street is Rs 445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally decreased to Rs 445 per sq.ft in 2024.

What is the land classification for Boyar Street?

Boyar Street is classified under Residential Class III Type - I.

What are the stamp duty rates applicable for properties in Boyar Street?

The stamp duty for properties in Boyar Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Boyar Street?

The Palladam Sub Registrar Office handles property registrations for Boyar Street, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.