Guideline Value for BANGALAW STREET MAIN ROAD

Bangalaw Street Main Road guideline value

The current guideline value of Bangalaw Street Main Road is Rs 2,575 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village under the Tiruppur Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Bangalaw Street Main Road has changed

The guideline value for Bangalaw Street Main Road has undergone several revisions over the years. In 2007, the value was Rs 1,995 per sq.ft, which increased to Rs 2,300 per sq.ft in 2012. However, it then decreased to Rs 1,541 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,300 per sq.ft in 2023, and further increased to the current rate of Rs 2,575 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, the increase was 49%. The latest revision from 2023 to 2024 reflects a 12% rise. The overall change from 2007 to 2024 shows a 29% increase in the guideline value for this street.

Guideline values in Ward - B

In Ward - B, there are 224 streets with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Bangalaw Street Main Road above this median.

• Bangalaw Street Extension: Rs 2,015 per sq.ft (2024)
• Bangalaw Street Thenvadal Road: Rs 2,575 per sq.ft (2024)
• Bangalow Street 80 Feet: Rs 2,575 per sq.ft (2024)
• Bangalow Street North South Street: Rs 2,575 per sq.ft (2024)
• Bathrakaliamman Koil 1st Street: Rs 2,015 per sq.ft (2024)
• Bathrakaliamman Koil 2nd Street: Rs 2,015 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalaw Street Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 25,75,000. The stamp duty at 7% would be Rs 1,80,250, while the registration fee at 2% would be Rs 51,500, totaling Rs 2,31,750. 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 Bangalaw Street Main Road?

The Sub Registrar Office that covers Bangalaw Street Main Road is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is an essential factor when registering property transactions in Ward - B. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bangalaw Street Main Road?

The current guideline value of Bangalaw Street Main Road is Rs 2,575 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,995 per sq.ft in 2007 to Rs 2,575 per sq.ft in 2024, reflecting an overall increase of 29% over the years.

What is the median guideline value in Ward - B?

The median guideline value in Ward - B is Rs 1,120 per sq.ft, with Bangalaw Street Main Road's value being above this median.

What are the stamp duty and registration fees for properties on Bangalaw Street Main Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 2,31,750.

Where is the Sub Registrar Office for Bangalaw Street Main Road located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.