Guideline Value for BANGALAW STREET THENVADAL ROAD

Bangalaw Street Thenvadal Road guideline value

The current guideline value of Bangalaw Street Thenvadal 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 Thenvadal Road has changed

The guideline value for Bangalaw Street Thenvadal Road has undergone several revisions over the years. The 2007 revision set the value at Rs 1,995 per sq.ft, which increased to Rs 2,300 per sq.ft in 2012, a decrease of 33%. The value remained the same in 2023, at Rs 2,300 per sq.ft, before rising to Rs 2,575 per sq.ft in the 2024 revision, reflecting a 12% increase.

From the 2017 revision, which was set at Rs 1,541 per sq.ft, to the 2023 revision, there was a significant increase of 49%. The overall change from the 2007 revision to the 2024 revision shows a growth of 29%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Bangalaw Street Thenvadal Road is above this median.

• Bangalaw Street Main Road: Rs 2,575 per sq.ft (2024)
• Bangalaw Street Extension: Rs 2,015 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 Thenvadal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,575 per sq.ft, the total guideline value would be Rs 25,75,000. The stamp duty, charged at 7%, would amount to Rs 1,80,250, while the registration fee at 2% would be Rs 51,500. Together, the total fees would be Rs 2,31,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bangalaw Street Thenvadal Road?

The Sub Registrar Office that covers Bangalaw Street Thenvadal Road is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Ward - B

The guideline value is an essential factor in the registration process when buying or selling property in Ward - B. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value for the area.

Frequently asked questions

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

The current guideline value of Bangalaw Street Thenvadal 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 stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Bangalaw Street Thenvadal Road is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

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 Thenvadal Road's value being above this median at Rs 2,575 per sq.ft.