Guideline Value for BANGALOW STREET 80 FEET

Bangalow Street 80 Feet guideline value

The current guideline value of Bangalow Street 80 Feet 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, classified as Residential Class I Type - I.

How the guideline value of Bangalow Street 80 Feet has changed

The guideline value for Bangalow Street 80 Feet 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, this figure 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 the latest revision in 2024 set the value at Rs 2,575 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 was 12%. When looking at the overall change from 2007 to 2024, the guideline value has risen by 29%.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for the area is Rs 1,120 per sq.ft, placing Bangalow Street 80 Feet above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,575 per sq.ft, the total 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, bringing the total cost for these fees to Rs 2,31,750. It is important to note that 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 Bangalow Street 80 Feet?

The Bangalow Street 80 Feet falls under 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 a crucial factor during the registration of property transactions in Ward - B. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in accordance with government regulations.

When buying or selling property, the guideline value also influences the calculation of stamp duty and registration fees. These fees are typically based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are taxed appropriately.

Frequently asked questions

What is the current guideline value of Bangalow Street 80 Feet?

The current guideline value of Bangalow Street 80 Feet 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 are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 1,80,250, and the registration fee would be Rs 51,500, totaling Rs 2,31,750.

Which Sub Registrar Office covers Bangalow Street 80 Feet?

The Tiruppur Joint I Sub Registrar Office covers Bangalow Street 80 Feet, 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 Bangalow Street 80 Feet's value being above this median.