Guideline Value for Bommanpatti Ramasamy Street

Bommanpatti Ramasamy Street guideline value

The current guideline value of Bommanpatti Ramasamy 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 Ramasamy Street has changed

Over the years, the guideline value for Bommanpatti Ramasamy Street has seen several revisions. The 2007 revision recorded a value of Rs 96 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision. However, it then decreased to Rs 268 per sq.ft in the 2017 revision. The 2023 revision maintained this value at Rs 400 per sq.ft, and the current 2024 revision also stands at Rs 400 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value rose sharply from 2007 to 2012 by 317%, but then saw a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Bommanpatti Ramasamy Street's 2024 value below that median.

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

Stamp duty and registration fee for property in Bommanpatti Ramasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the 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 costs to Rs 36,000. 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 Bommanpatti Ramasamy Street?

The Sub Registrar Office that covers Bommanpatti Ramasamy 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 serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When buying or selling property, the guideline value helps in determining the legal value of the property, which is essential for the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Bommanpatti Ramasamy Street?

The current guideline value of Bommanpatti Ramasamy 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 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for Bommanpatti Ramasamy Street?

Bommanpatti Ramasamy 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 registration zone.

How is the stamp duty calculated for properties in Bommanpatti Ramasamy Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total stamp duty would be Rs 28,000.