Guideline Value for Boraiah Road

Boraiah Road guideline value

The current guideline value of Boraiah Road is Rs 800 per sq.ft, effective from 1 July 2024. This road is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Boraiah Road has changed

Looking at the revisions, the guideline value for Boraiah Road was Rs 800 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 800 per sq.ft, which indicates a decrease of 33% from the 2012 figure to the 2017 figure.

There are no recorded figures for Boraiah Road in the 2002, 2003, and 2007 revisions. Overall, from 2012 to 2024, the guideline value has remained at Rs 800 per sq.ft, showing no change during this period.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO with a 2024 guideline value range from Rs 300 to Rs 2,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, making Boraiah Road's 2024 figure of Rs 800 per sq.ft above the median.

• Booshthi Odai Street: Rs 500 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 Boraiah Road

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 detailed calculations.

Which Sub Registrar Office covers Boraiah Road?

The Sub Registrar Office that covers Boraiah Road is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, 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 plays a crucial role in the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from the sale. Buyers and sellers must be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Boraiah Road?

The current guideline value of Boraiah Road is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent figures being Rs 800 per sq.ft for both 2023 and 2024. In 2017, the value was Rs 536 per sq.ft, reflecting a 49% increase from 2017 to 2023.

What is the land classification for Boraiah Road?

Boraiah Road is classified as Residential Class II Type - I, which defines the type of development permissible in the area.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Boraiah Road?

The Sub Registrar Office for Boraiah Road is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.