Guideline Value for Boyar Street (Ward 8)

Boyar Street (Ward 8) guideline value

The current guideline value of Boyar Street (Ward 8) is Rs 1,030 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Boyar Street (Ward 8) has changed

The guideline value for Boyar Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 450 per sq.ft. This figure then decreased to Rs 301 per sq.ft in 2017. In 2023, the value increased significantly to Rs 1,000 per sq.ft, and the latest revision in 2024 shows a further increase to Rs 1,030 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 232%. The overall change from 2012 to 2024 reflects an increase of 129%, showcasing the fluctuations in the guideline value over time.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, which means that Boyar Street's 2024 value is below this median.

• Blue Heaven Phase II: Rs 1,010 per sq.ft (2024)
• Blue Heaven: Rs 1,010 per sq.ft (2024)
• Bungalow (R.M.T) Street: Rs 1,075 per sq.ft (2024)
• Carmel Nagar (Ward 15): Rs 1,035 per sq.ft (2024)
• Castles Eden Enclave: Rs 1,035 per sq.ft (2024)
• Ceylon Colony (Ward 14): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Boyar Street (Ward 8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,030 per sq.ft, the total guideline value would be Rs 10,30,000. The stamp duty at 7% would amount to Rs 72,100, while the registration fee at 2% would be Rs 20,600, bringing the total to Rs 92,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boyar Street (Ward 8)?

The Sub Registrar Office that covers Boyar Street (Ward 8) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kurichi, as it determines the minimum price at which the property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a buyer or seller engages in a property transaction, they must ensure that the sale price meets or exceeds the guideline value to comply with registration requirements. This ensures that all fees are accurately calculated based on the prevailing guidelines.

Frequently asked questions

What is the current guideline value of Boyar Street (Ward 8)?

The current guideline value of Boyar Street (Ward 8) is Rs 1,030 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,030 per sq.ft in 2024.

What is the land classification for Boyar Street (Ward 8)?

Boyar Street (Ward 8) is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties on Boyar Street?

For a property valued at Rs 10,30,000, the stamp duty would be Rs 72,100 and the registration fee would be Rs 20,600, totaling Rs 92,700.

Which office handles registrations for Boyar Street (Ward 8)?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Boyar Street (Ward 8), located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.