Guideline Value for Bodi Street

Bodi Street guideline value

The current guideline value of Bodi Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bodi Street has changed

Looking at the historical revisions, the 2012 revision set the guideline value at Rs 750 per sq.ft. This was followed by a significant increase in the 2017 revision, which raised the value to Rs 502 per sq.ft, marking a change of -33%. The 2023 revision kept the value at Rs 1,000 per sq.ft, and the 2024 revision also maintained this figure, showing a change of +0% from the previous year.

From 2012 to 2024, the overall change in guideline value is +33%. The 2017 to 2023 period saw a substantial increase of +99%, reflecting the changes in the real estate landscape in the area.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Bodi Street's 2024 figure below that median.

• Boyar Estenstion street. 1,2,3: Rs 1,120 per sq.ft (2024)
• Boyar Veethi 1,2,3,4: Rs 1,120 per sq.ft (2024)
• Brindavan Nagar II: Rs 1,120 per sq.ft (2024)
• B.R. Thottam: Rs 1,001 per sq.ft (2024)
• Chandrakala Township: Rs 1,792 per sq.ft (2024)
• Chandrakala Township Phase-2: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Bodi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bodi Street?

Bodi Street falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

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 of Bodi Street?

The current guideline value of Bodi Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing a value of Rs 1,000 per sq.ft in both 2023 and 2024. The value increased significantly from Rs 502 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification of Bodi Street?

Bodi Street is classified as Residential Class I Type - II. This classification is important for determining the appropriate uses for the land.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

Where can I find the Sub Registrar Office for Bodi Street?

The Sub Registrar Office covering Bodi Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find more details by visiting the relevant link.