Guideline Value for Bommanpatti Road No 2

Bommanpatti Road No 2 guideline value

The current guideline value of Bommanpatti Road No 2 is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bommanpatti Road No 2 has changed

Looking at the historical revisions, the guideline value for Bommanpatti Road No 2 has seen several changes. The 2007 revision recorded a value of Rs 106 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a rise of 466%. However, from 2012 to 2017, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The value then rose again to Rs 600 per sq.ft in the 2023 revision and remained unchanged in the 2024 revision.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 466%.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO, with guideline values for 2024 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 of Bommanpatti Road No 2.

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

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 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 detailed calculations.

Which Sub Registrar Office covers Bommanpatti Road No 2?

The Sub Registrar Office that covers Bommanpatti Road No 2 is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kavundapadi. It serves as a benchmark for determining the minimum value at which a property can be registered. The registration process requires that the property be valued at the guideline value or the sale price, whichever is higher.

When completing a transaction, buyers and sellers must consider the guideline value to ensure compliance with local regulations. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory for property transactions.

Frequently asked questions

What is the current guideline value of Bommanpatti Road No 2?

The current guideline value of Bommanpatti Road No 2 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 from Rs 106 per sq.ft in 2007 to Rs 600 per sq.ft in 2024, with various fluctuations in between, including a drop to Rs 402 per sq.ft in 2017.

What is the median guideline value for streets in Kavundapadi?

The median guideline value for streets in Kavundapadi is Rs 600 per sq.ft, which is also the current guideline value for Bommanpatti Road No 2.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.

Where is the Kavundapadi Sub Registrar Office located?

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