Guideline Value for Boopathy Nagar

Boopathy Nagar guideline value

The current guideline value of Boopathy Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Pattanam village and falls under the Singanallur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Boopathy Nagar has changed

The guideline value for Boopathy Nagar has seen several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. Following this, the value rose significantly to Rs 300 per sq.ft in 2023, and then increased again to Rs 330 per sq.ft in 2024. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pattanam

Pattanam village has 220 streets under the Singanallur SRO, with guideline values ranging from Rs 165 to Rs 1,815 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, placing Boopathy Nagar's 2024 figure above this median.

• Boyar Street: Rs 250 per sq.ft (2024)
• Buvaragan Garden Phase I II III: Rs 220 per sq.ft (2024)
• Chakra Garden: Rs 330 per sq.ft (2024)
• Church Street: Rs 220 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 165 per sq.ft (2024)
• Diamond Avenue: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, charged at 7%, would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. 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 details.

Which Sub Registrar Office covers Boopathy Nagar?

The Sub Registrar Office that covers Boopathy Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pattanam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees are based on a standardized value set by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Boopathy Nagar?

The current guideline value of Boopathy Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification of Boopathy Nagar?

Boopathy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

Stamp duty is charged at 7% of the higher value between the guideline value and the sale price, while the registration fee is charged at 2% of the same value.

Where is the Sub Registrar Office for Boopathy Nagar located?

The Sub Registrar Office for Boopathy Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.