Guideline Value for Boondikattuvalasu (484/12)

Boondikattuvalasu (484/12) guideline value

The current guideline value for Boondikattuvalasu (484/12) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pallapalayam village under the Kavundapadi SRO, classified as Residential Class III Type - V.

How the guideline value of Boondikattuvalasu (484/12) has changed

Over the years, the guideline value for Boondikattuvalasu (484/12) has undergone significant changes. In the 2007 revision, the value was Rs 10 per sq.ft, which increased to Rs 50 per sq.ft in 2012. However, this was followed by a decrease to Rs 33 per sq.ft in 2017. The value then saw a dramatic rise to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking an overall increase of 1900% from the 2007 figure.

From 2017 to 2023, the value increased by 506%, while there was a 34% decrease from 2012 to 2017. The current guideline value of Rs 200 per sq.ft in 2024 remains the same as in 2023. Notably, the register has no figures for Boondikattuvalasu in the years 2002 and 2003.

Guideline values in Pallapalayam

In Pallapalayam, there are 41 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 226 per sq.ft, with the median being Rs 200 per sq.ft. Boondikattuvalasu (484/12) aligns with this median value.

• Bharathiyar Street (121/2): Rs 200 per sq.ft (2024)
• Ellese Pettai (691): Rs 226 per sq.ft (2024)
• Erode Road (677/2): Rs 226 per sq.ft (2024)
• Ayyan valasu Main Road (370,632): Rs 200 per sq.ft (2024)
• Gandhinagar Thambikalaiiyan Kovil Street (60b): Rs 200 per sq.ft (2024)
• Avarakattu valasu Main Road (563): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Boondikattuvalasu (484/12)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Boondikattuvalasu (484/12)?

The Sub Registrar Office that covers Boondikattuvalasu (484/12) 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 details.

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

The guideline value plays a crucial role in the registration of property transactions in Pallapalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value is used to assess the applicable duties, ensuring that both parties are aware of the financial implications of the transaction. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Boondikattuvalasu (484/12)?

The current guideline value for Boondikattuvalasu (484/12) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, rising from Rs 10 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 1900% over this period.

What is the land classification for Boondikattuvalasu (484/12)?

Boondikattuvalasu (484/12) is classified as Residential Class III Type - V.

Where can I find the Sub Registrar Office for Boondikattuvalasu (484/12)?

The Kavundapadi Sub Registrar Office, which covers Boondikattuvalasu (484/12), is located on Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is the stamp duty calculated for properties in Boondikattuvalasu (484/12)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.