Guideline Value for BOYYAMPALAYAM

Boyyampalayam guideline value

The current guideline value for Boyyampalayam, located in Thottipalayam village under the Thottipalayam SRO, is Rs 703 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Boyyampalayam has changed

The guideline value for Boyyampalayam has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 605 per sq.ft. This was followed by a decrease to Rs 405 per sq.ft in 2017. The value then increased to Rs 700 per sq.ft in 2023, and finally reached Rs 703 per sq.ft in the 2024 revision. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are significant. From 2012 to 2017, there was a decline of 33%. However, from 2017 to 2023, the value increased by 73%. Overall, from 2012 to 2024, the guideline value has seen a rise of 16%.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO that carry 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. The guideline value for Boyyampalayam is below this median.

• Boyyampalayam (A.D.Colony): Rs 702 per sq.ft (2024)
• Bomma Naicken Palayam (Near By Nallaru): 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

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, while the registration fee at 2% would be Rs 14,060. Together, the total cost for stamp duty and registration fees would be Rs 63,270. 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 Boyyampalayam?

The Boyyampalayam area is covered by 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thottipalayam. 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 registered, 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 in the area.

Frequently asked questions

What is the current guideline value for Boyyampalayam?

The current guideline value for Boyyampalayam is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, with notable changes in between, including a decrease to Rs 405 per sq.ft in 2017 and an increase to Rs 700 per sq.ft in 2023.

What is the land classification for Boyyampalayam?

Boyyampalayam falls under the Residential Class III Type - I land classification.

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

For a property valued at Rs 7,03,000, the stamp duty would be Rs 49,210 and the registration fee would be Rs 14,060, totaling Rs 63,270.

Where is the Sub Registrar Office for Boyyampalayam located?

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