Guideline Value for Bommiyamman Kovil Street

Bommiyamman Kovil Street guideline value

The current guideline value of Bommiyamman Kovil Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Vadavalli village under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of Bommiyamman Kovil Street has changed

The guideline value for Bommiyamman Kovil Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 125 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decline to Rs 536 per sq.ft in the 2017 revision. The value remained unchanged at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions.

From 2017 to 2023, the guideline value increased by 87%, and from 2007 to 2012, it rose by 540%. Overall, the increase from the 2007 revision to the 2024 revision is 700%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Bommiyamman Kovil Street's 2024 figure below this median.

• Bommanampalayam Extension: Rs 1,001 per sq.ft (2024)
• Bommanampalayam: Rs 1,001 per sq.ft (2024)
• Boopathi Raja Nagar: Rs 1,001 per sq.ft (2024)
• BPC Nagar: Rs 1,100 per sq.ft (2024)
• BPR Nagar: Rs 1,100 per sq.ft (2024)
• Brindavan Arcade: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Bommiyamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. 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 Bommiyamman Kovil Street?

The Sub Registrar Office covering Bommiyamman Kovil Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When you register a property, the guideline value will be used to determine the applicable fees, and it is essential to be aware of the current rates to avoid unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Bommiyamman Kovil Street?

The current guideline value of Bommiyamman Kovil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking a total increase of 700% over this period.

What are the stamp duty and registration fees for property in Bommiyamman Kovil Street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Bommiyamman Kovil Street?

The Vadavalli Sub Registrar Office handles registrations for Bommiyamman Kovil Street, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification for Bommiyamman Kovil Street?

Bommiyamman Kovil Street is classified as Residential Class I Type - II under the current guidelines.