Guideline Value for BANGALOW STREET NORTH SOUTH STREET

Bangalow Street North South Street guideline value

The current guideline value for Bangalow Street North South Street 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 North South Street has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017. In 2023, the value increased to Rs 2,300 per sq.ft, and in the latest revision for 2024, it stands at Rs 2,575 per sq.ft.

From 2017 to 2023, the value increased by 49%. However, from 2012 to 2017, it decreased by 33%. The overall change from 2012 to 2024 shows an increase of 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value is Rs 1,120 per sq.ft, making the current value of Bangalow Street North South Street above this median.

• Bangalow Street 80 Feet: 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 North South Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 25,75,000. The stamp duty at 7% would be Rs 1,80,250, and 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bangalow Street North South Street?

The Bangalow Street North South Street falls under 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 a crucial factor in property transactions in Ward - B. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Bangalow Street North South Street?

The current guideline value of Bangalow Street North South Street 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 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,575 per sq.ft in 2024.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher.

Where is the Tiruppur Joint I SRO located?

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

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 North South Street's value being above this median.