Guideline Value for Bommanampalayam

Bommanampalayam guideline value

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

How the guideline value of Bommanampalayam has changed

The guideline value for Bommanampalayam has seen significant changes over the years. In 2007, the guideline value was Rs 125 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value rose dramatically to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a notable increase of 113%. The value surged by 460% from 2007 to 2012, but overall, from 2007 to 2024, the increase is a substantial 701%. The guideline value has remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Vadavalli

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

• Bommanampalayam Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost for these fees to Rs 90,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bommanampalayam?

The Sub Registrar Office that covers Bommanampalayam is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vadavalli. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating the applicable fees.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value as determined by the government. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bommanampalayam?

The current guideline value of Bommanampalayam 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 125 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 701% over the years.

What is the land classification for Bommanampalayam?

The land classification for Bommanampalayam is Residential Class I Type - III.

Where is the Sub Registrar Office for Bommanampalayam located?

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

How is stamp duty calculated in Bommanampalayam?

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