Guideline Value for Bommanpatti - Muthukumarasamy Kovil Street

Bommanpatti - Muthukumarasamy Kovil Street guideline value

The current guideline value for Bommanpatti - Muthukumarasamy Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bommanpatti - Muthukumarasamy Kovil Street has changed

Since the 2007 revision, the guideline value for Bommanpatti - Muthukumarasamy Kovil Street has seen significant changes. In 2007, the value was Rs 96 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a substantial increase of 317%. The value then decreased to Rs 268 per sq.ft in 2017, before rising again to Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 600 per sq.ft. Bommanpatti - Muthukumarasamy Kovil Street's current value is below this median.

• Bommanpatti Gandhi Street: Rs 400 per sq.ft (2024)
• Bommanpatti Ramasamy Street: Rs 400 per sq.ft (2024)
• Bommanpatti - Annamar Kovil Street: Rs 400 per sq.ft (2024)
• Bommanpatti Road No 1: Rs 600 per sq.ft (2024)
• Bommanpatti Road No 2: Rs 600 per sq.ft (2024)
• Boomandigoundanur Main Road: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Bommanpatti - Muthukumarasamy Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bommanpatti - Muthukumarasamy Kovil Street?

The Sub Registrar Office that covers Bommanpatti - Muthukumarasamy Kovil Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavundapadi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable based on the property's value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Bommanpatti - Muthukumarasamy Kovil Street?

The current guideline value for Bommanpatti - Muthukumarasamy Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 96 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for this street?

Bommanpatti - Muthukumarasamy Kovil Street is classified as Residential Class I Type - III.

Where can I find the Kavundapadi Sub Registrar Office?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, and the stamp duty would be calculated accordingly.