Guideline Value for Bommanpatti Gandhi Street

Bommanpatti Gandhi Street guideline value

The current guideline value of Bommanpatti Gandhi 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 Gandhi Street has changed

Over the years, the guideline value for Bommanpatti Gandhi Street has undergone several revisions. The earliest recorded figure is from 2007, when it was Rs 96 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, then dropped to Rs 268 per sq.ft in 2017. Following this, the value rose again to Rs 400 per sq.ft in both 2023 and 2024, showing no change between these two years.

The changes between revisions are notable. From 2007 to 2012, there was a substantial increase of 317%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then increased by 49% from 2017 to 2023, and remained stable from 2023 to 2024, resulting in an overall increase of 317% from 2007 to 2024.

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. The guideline value of Bommanpatti Gandhi Street is below this median.

• Bommanpatti - Annamar Kovil Street: Rs 400 per sq.ft (2024)
• Bommanpatti - Muthukumarasamy Kovil Street: Rs 400 per sq.ft (2024)
• Bommanpatti Ramasamy 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 Gandhi Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 Bommanpatti Gandhi Street?

The Sub Registrar Office that covers Bommanpatti Gandhi Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. 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 when registering property transactions in Kavundapadi. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value serves as a benchmark for the transaction value. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Bommanpatti Gandhi Street?

The current guideline value of Bommanpatti Gandhi 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 from Rs 96 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, with various revisions in between, including a drop to Rs 268 per sq.ft in 2017.

What is the median guideline value in Kavundapadi?

The median guideline value in Kavundapadi is Rs 600 per sq.ft, while Bommanpatti Gandhi Street's value is below this median.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 36,000.

Which office handles property registrations for Bommanpatti Gandhi Street?

The Kavundapadi Sub Registrar Office handles property registrations for Bommanpatti Gandhi Street, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.