Guideline Value for Boyar Estenstion street. 1,2,3

Boyar Estenstion street. 1,2,3 guideline value

The current guideline value of Boyar Estenstion street. 1,2,3 is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Boyar Estenstion street. 1,2,3 has changed

The guideline value for Boyar Estenstion street. 1,2,3 has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained until the 2017 revision when it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and further rose to Rs 1,120 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Singanallur

In Singanallur village, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value among these streets is Rs 1,120 per sq.ft, which is the same as the guideline value for Boyar Estenstion street. 1,2,3.

• Boyar Veethi 1,2,3,4: Rs 1,120 per sq.ft (2024)
• Bodi Street: Rs 1,000 per sq.ft (2024)
• Brindavan Nagar II: Rs 1,120 per sq.ft (2024)
• B.R. Thottam: Rs 1,001 per sq.ft (2024)
• Chandrakala Township: Rs 1,792 per sq.ft (2024)
• Chandrakala Township Phase-2: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Boyar Estenstion street. 1,2,3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total cost for these fees to Rs 1,00,800. Please 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 Boyar Estenstion street. 1,2,3?

The Sub Registrar Office that covers Boyar Estenstion street. 1,2,3 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value helps in establishing the minimum price at which the property can be registered. This ensures that the government receives the appropriate revenue through stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Boyar Estenstion street. 1,2,3?

The current guideline value of Boyar Estenstion street. 1,2,3 is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Boyar Estenstion street. 1,2,3?

Boyar Estenstion street. 1,2,3 is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Singanallur Sub Registrar Office covers Boyar Estenstion street. 1,2,3, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Singanallur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 at a rate of 7%.