Guideline Value for Bommanaicker Street

Bommanaicker Street guideline value

The current guideline value of Bommanaicker Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in P. Chettipalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bommanaicker Street has changed

The guideline value register for Bommanaicker Street does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 200 per sq.ft in 2023 and increased to Rs 220 per sq.ft in 2024, marking a change of +10%.

In the 2024 revision, the guideline value is Rs 220 per sq.ft, while the previous revision in 2023 was Rs 200 per sq.ft. This indicates a positive adjustment in the guideline value over the last year.

Guideline values in P. Chettipalayam

In P. Chettipalayam, there are 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 470 per sq.ft, placing Bommanaicker Street's 2024 figure below the median.

• Central Excise Colony: Rs 780 per sq.ft (2024)
• Chinnamal Garden: Rs 550 per sq.ft (2024)
• Chinnamal Layout: Rs 550 per sq.ft (2024)
• Chinna Vedan Colony: Rs 220 per sq.ft (2024)
• C.J Layout: Rs 330 per sq.ft (2024)
• C.J. Plots: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Bommanaicker Street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bommanaicker Street?

Bommanaicker Street is covered by the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is an important factor in the registration process when buying or selling property in P. Chettipalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bommanaicker Street?

The current guideline value of Bommanaicker Street is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, which is a change of +10%.

What is the land classification for Bommanaicker Street?

Bommanaicker Street is classified as Residential Class II Type - II.

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

The Sub Registrar Office covering Bommanaicker Street is located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone.

How is the stamp duty calculated for properties in Bommanaicker Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 15,400 based on the current guideline value.