Guideline Value for BOYER St

BOYER St guideline value

The current guideline value of BOYER St in Kallikanaickenpalayam village is Rs 225 per sq.ft, effective from 1 July 2024. This street falls under the Thondamuthur SRO and is classified as Residential Class I Type - III.

How the guideline value of BOYER St has changed

The guideline value for BOYER St has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 175 per sq.ft in 2012, marking a rise of 192%. However, between 2012 and 2017, the value decreased to Rs 117 per sq.ft, reflecting a decline of 33%. The value then rose sharply to Rs 200 per sq.ft in 2023, a substantial increase of 71%. The most recent revision in 2024 set the guideline value at Rs 225 per sq.ft, representing a 13% increase from the previous year.

It is important to note that there are no figures available for BOYER St in the revisions for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Kallikanaickenpalayam

Kallikanaickenpalayam has a total of 51 streets under the Thondamuthur SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 1,180 per sq.ft. The median guideline value in this area is Rs 250 per sq.ft, placing BOYER St's 2024 figure below that median.

• Bose Garden: Rs 560 per sq.ft (2024)
• C P C Avanue: Rs 450 per sq.ft (2024)
• Dhanush Kodi Krishnasamy Nagar: Rs 225 per sq.ft (2024)
• Gandhi Colony: Rs 225 per sq.ft (2024)
• Ayyammal Avenue: Rs 560 per sq.ft (2024)
• Gandhi Street: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in BOYER St

For a 1,000 sq.ft plot at the current guideline value of Rs 225 per sq.ft, the total guideline value would be Rs 2,25,000. The stamp duty at 7% would amount to Rs 15,750, and the registration fee at 2% would be Rs 4,500. Together, the total cost would be Rs 20,250. It is important to note that the 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 BOYER St?

The BOYER St falls under the jurisdiction of the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property in Kallikanaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable charges, which can significantly impact the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone involved in real estate in this area.

Frequently asked questions

What is the current guideline value of BOYER St?

The current guideline value of BOYER St is Rs 225 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 225 per sq.ft in 2024, reflecting a total increase of 275% over the years.

What are the stamp duty and registration fees for property in BOYER St?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 2,25,000, with a stamp duty of Rs 15,750 and a registration fee of Rs 4,500, totaling Rs 20,250.

Which registration office covers BOYER St?

The Thondamuthur Sub Registrar Office covers BOYER St, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Coimbatore.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand this value to comply with local regulations and calculate the costs involved.