Guideline Value for BOYAR STREET

Boyar Street guideline value

The current guideline value of Boyar Street is Rs 720 per sq.ft, effective from 1 July 2024. This street is located in Palladam village, which falls under the Palladam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of Boyar Street has changed

The guideline value for Boyar Street has seen significant changes over the years. In 2002, the guideline value was Rs 27 per sq.ft. This rose dramatically to Rs 135 per sq.ft in 2007, marking a 400% increase. The value then increased to Rs 650 per sq.ft in 2012, which was a 381% rise from the previous revision. However, it fell to Rs 435 per sq.ft in 2017, indicating a decrease of 33%. The value then rose to Rs 650 per sq.ft in 2023, followed by a further increase to Rs 720 per sq.ft in 2024, reflecting an 11% change.

Overall, from 2002 to 2024, the guideline value has increased by 2567%. It is important to note that there is no figure available for Boyar Street in the 2003 revision.

Guideline values in Palladam

In Palladam, there are 56 streets under the Palladam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,450 per sq.ft. The median guideline value for these streets is Rs 840 per sq.ft, positioning Boyar Street's 2024 figure below that median.

• Centhottam: Rs 720 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• Chinniya Gounder Street: Rs 840 per sq.ft (2024)
• Chithambaranar Street: Rs 720 per sq.ft (2024)
• Chittipalayam Road: Rs 1,230 per sq.ft (2024)
• C.R.Pillai Layout: Rs 840 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 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total to Rs 64,800. 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 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. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Palladam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline value.

Frequently asked questions

What is the current guideline value of Boyar Street?

The current guideline value of Boyar Street is Rs 720 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 27 per sq.ft in 2002 to Rs 720 per sq.ft in 2024, reflecting an overall increase of 2567% over this period.

What is the land classification of Boyar Street?

Boyar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for Boyar Street?

The registration office for Boyar Street is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How is the stamp duty calculated for property in Boyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 7,20,000, the stamp duty would be Rs 50,400 at a rate of 7%.