Guideline Value for Bommanampalayam Extension

Bommanampalayam Extension guideline value

The current guideline value of Bommanampalayam Extension is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bommanampalayam Extension has changed

The guideline value for Bommanampalayam Extension has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which increased to Rs 469 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,001 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 113%. The overall change from 2012 to 2024 reflects a 43% increase in the guideline value.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Bommanampalayam Extension's 2024 figure below this median.

• Bommanampalayam: Rs 1,001 per sq.ft (2024)
• Bommiyamman Kovil Street: Rs 1,000 per sq.ft (2024)
• Boopathi Raja Nagar: Rs 1,001 per sq.ft (2024)
• BPC Nagar: Rs 1,100 per sq.ft (2024)
• BPR Nagar: Rs 1,100 per sq.ft (2024)
• Brindavan Arcade: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Bommanampalayam Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020. Together, the total cost would be Rs 90,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bommanampalayam Extension?

The Sub Registrar Office that covers Bommanampalayam Extension is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Bommanampalayam Extension?

The current guideline value of Bommanampalayam Extension is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 43% during this period.

What is the land classification for Bommanampalayam Extension?

Bommanampalayam Extension is classified as Residential Class I Type - III.

Where can I find the Vadavalli Sub Registrar Office?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at 7%.