Guideline Value for BOYAR STREET

Boyar Street guideline value

The current guideline value of Boyar Street is Rs 706 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Boyar Street has changed

In the 2007 revision, the guideline value for Boyar Street was Rs 495 per sq.ft. This increased to Rs 700 per sq.ft in the 2012 revision, marking a rise of 41%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 700 per sq.ft in the 2023 revision, and finally to Rs 706 per sq.ft in the 2024 revision, which is an increase of 1%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 43%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 990 per sq.ft. Boyar Street's 2024 guideline value is below this median.

• Brokker Street: Rs 1,210 per sq.ft (2024)
• Chellandiammal Kovil Street: Rs 1,210 per sq.ft (2024)
• Chellandiamman Durai (Wasteland): Rs 1,210 per sq.ft (2024)
• Chellappapuram 2nd Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 3rd Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 4th Street: Rs 1,375 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 706 per sq.ft, the total guideline value would be Rs 7,06,000. The stamp duty at 7% would amount to Rs 49,420, and the registration fee at 2% would be Rs 14,120, totaling Rs 63,540. 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 Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - H

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - H. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transfers.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. Buyers and sellers must be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Boyar Street?

The current guideline value of Boyar Street is Rs 706 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 706 per sq.ft in 2024, showing an overall increase of 43% over these years.

What are the stamp duty and registration fees for properties in Boyar Street?

For a 1,000 sq.ft plot valued at Rs 706 per sq.ft, the total guideline value would be Rs 7,06,000. The stamp duty would be Rs 49,420 and the registration fee would be Rs 14,120, totaling Rs 63,540.

Which Sub Registrar Office covers Boyar Street?

Boyar Street is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Boyar Street?

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