Guideline Value for BOYYAMPALAYAM (A.D.COLONY )

Boyyampalayam (A.D.Colony ) guideline value

The current guideline value of Boyyampalayam (A.D.Colony) is Rs 702 per sq.ft, effective from 1 July 2024. This area is located in Thottipalayam village, under the Thottipalayam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Boyyampalayam (A.D.Colony ) has changed

The guideline value for Boyyampalayam has seen several revisions over the years. The 2012 revision set the value at Rs 525 per sq.ft, which increased to Rs 352 per sq.ft in 2017. Following this, the value rose significantly to Rs 700 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 702 per sq.ft, showing a change of +0% from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 99%. Overall, from 2012 to 2024, the guideline value has increased by 34%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thottipalayam

In Thottipalayam village, there are 99 streets under the Thottipalayam SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft, with a median value of Rs 806 per sq.ft. Boyyampalayam's 2024 guideline value is below this median.

• Boyyampalayam: Rs 703 per sq.ft (2024)
• Bomma Naicken Palayam: Rs 703 per sq.ft (2024)
• Bomma Naicken Palayam: Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam: Rs 700 per sq.ft (2024)
• Chinnabommanaickenpalayam (Near By Karupparayan Kovil): Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam (Near By Nallaru): Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Boyyampalayam (A.D.Colony )

For a 1,000 sq.ft plot at the current rate of Rs 702 per sq.ft, the guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, totaling Rs 63,180. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Boyyampalayam (A.D.Colony )?

The Sub Registrar Office that covers Boyyampalayam (A.D.Colony) is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thottipalayam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is conducted in accordance with the state's regulations.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Boyyampalayam (A.D.Colony)?

The current guideline value of Boyyampalayam (A.D.Colony) is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 525 per sq.ft in 2012 to Rs 700 per sq.ft in 2023, and currently stands at Rs 702 per sq.ft in 2024. The value has seen a significant increase of 99% from 2017 to 2023.

What is the land classification of Boyyampalayam?

Boyyampalayam is classified as Residential Class IV Type - I, indicating its designation for residential purposes within the area.

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

For a property valued at Rs 7,02,000, the stamp duty would be Rs 49,140 and the registration fee would be Rs 14,040, totaling Rs 63,180. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Boyyampalayam located?

The Sub Registrar Office for Boyyampalayam is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.