Guideline Value for Booshthi Odai Street

Booshthi Odai Street guideline value

The current guideline value of Booshthi Odai Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Booshthi Odai Street has changed

Since 2002, the guideline value for Booshthi Odai Street has undergone several revisions. In 2002, the value was Rs 101 per sq.ft, which increased to Rs 114 per sq.ft in 2003, marking a 13% rise. The value then saw a significant increase of 150% to Rs 285 per sq.ft in 2007. In 2012, the guideline value rose to Rs 500 per sq.ft, reflecting a 75% increase. However, from 2017 to 2023, the value remained stable at Rs 500 per sq.ft. The latest revision in 2024 also maintains the value at Rs 500 per sq.ft, indicating no change from the previous year.

Looking at the changes between revisions, from 2012 to 2017, there was a decline of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2002 to 2024, the guideline value has increased by 395%.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 700 per sq.ft. Booshthi Odai Street's guideline value of Rs 500 per sq.ft is below this median.

• Boraiah Road: Rs 800 per sq.ft (2024)
• Chatthiram Road: Rs 500 per sq.ft (2024)
• Chinnammal Lay-out Near Main Road: Rs 1,000 per sq.ft (2024)
• Chinna Pallivasal Street: Rs 1,000 per sq.ft (2024)
• Chinna Pallivasal Street Main Road: Rs 1,000 per sq.ft (2024)
• Chinna Pallivasal Street West Side: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Booshthi Odai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these fees Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Booshthi Odai Street?

The Sub Registrar Office that covers Booshthi Odai Street is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Mettupalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Booshthi Odai Street?

The current guideline value of Booshthi Odai Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes, starting from Rs 101 per sq.ft in 2002 to Rs 500 per sq.ft in 2024, marking an overall increase of 395% over the years.

What is the land classification for Booshthi Odai Street?

Booshthi Odai Street is classified as Residential Class IV Type - II.

What are the stamp duty rates for properties in Mettupalayam?

The stamp duty rate for properties in Mettupalayam is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Booshthi Odai Street located?

The Sub Registrar Office for Booshthi Odai Street is located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.