Guideline Value for Boyar street

Boyar street guideline value

The current guideline value of Boyar street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village and falls under the Singanallur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Boyar street has changed

The guideline value for Boyar street has seen several revisions over the years. The 2012 revision set the value at Rs 875 per sq.ft, which then decreased to Rs 586 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 has set it at Rs 1,001 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between these revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 71%. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, placing Boyar street's 2024 figure below this median.

• Brindavan colony: Rs 1,120 per sq.ft (2024)
• B R layout 1 to 5: Rs 1,680 per sq.ft (2024)
• Central studio colony: Rs 1,456 per sq.ft (2024)
• Central studio road: Rs 2,016 per sq.ft (2024)
• Chennimalai Gounder Layout: Rs 1,355 per sq.ft (2024)
• ChinnaGuru samy Layout: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Boyar street

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Boyar street?

The Sub Registrar Office that covers Boyar street 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 details.

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

The guideline value is an essential factor in property transactions in Uppilipalayam, as it determines the minimum value at which a property can be registered. It plays a crucial role in calculating the stamp duty and registration fees that are payable during the transaction process.

When buying or selling property, the guideline value ensures that the property is registered at a value that reflects the current market conditions. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Boyar street?

The current guideline value of Boyar street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 875 per sq.ft in 2012 to Rs 586 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024.

What is the land classification for Boyar street?

Boyar street is classified as Residential Class II Type - I.

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

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

How is the stamp duty calculated for property in Boyar street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,070.