Guideline Value for Bommanpatti Road No 1

Bommanpatti Road No 1 guideline value

The current guideline value of Bommanpatti Road No 1 is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Kavundapadi village, under the Kavundapadi SRO, classified as Residential Class I Type - II.

How the guideline value of Bommanpatti Road No 1 has changed

Over the years, the guideline value for Bommanpatti Road No 1 has undergone several revisions. The earliest figure available is from 2007, which was Rs 106 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking an increase of 466%. However, in 2017, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The subsequent revisions saw the value rise again to Rs 600 per sq.ft in both 2023 and 2024, with no change between these two years.

The overall change from 2007 to 2024 reflects an increase of 466%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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. The median value is Rs 600 per sq.ft, which is equal to the current guideline value for Bommanpatti Road No 1.

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

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bommanpatti Road No 1?

The Sub Registrar Office that covers Bommanpatti Road No 1 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 of property transactions in Kavundapadi. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Bommanpatti Road No 1?

The current guideline value of Bommanpatti Road No 1 is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring from Rs 106 per sq.ft in 2007 to Rs 600 per sq.ft in 2012. The value then decreased to Rs 402 per sq.ft in 2017 before returning to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Bommanpatti Road No 1?

Bommanpatti Road No 1 is classified as Residential Class I Type - II, indicating its suitability for residential development.

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 stamp duty calculated for properties in Bommanpatti Road No 1?

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 Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, resulting in a stamp duty of Rs 42,000 at 7%.