Guideline Value for BANGALOWPUTHUR ROAD FIRST STREET

Bangalowputhur Road First Street guideline value

The current guideline value of Bangalowputhur Road First Street is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village and falls under the Kangeyam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bangalowputhur Road First Street has changed

The guideline value for Bangalowputhur Road First Street has undergone several revisions over the years. The earliest recorded value is from 2012, where it was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. The 2023 revision saw an increase to Rs 400 per sq.ft, and the latest revision in 2024 brought it up to Rs 448 per sq.ft, marking a 12% increase from the previous year.

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

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with a 2024 guideline value range from Rs 331 to Rs 1,120 per sq.ft. The median value is Rs 448 per sq.ft, which is equal to the guideline value of Bangalowputhur Road First Street.

• Bangalowputhur Road: Rs 448 per sq.ft (2024)
• Bangalowputhur Road Second Street: Rs 448 per sq.ft (2024)
• Bazanaimada Veethi: Rs 616 per sq.ft (2024)
• Bharathiar Nagar: Rs 448 per sq.ft (2024)
• Balaji Nagar: Rs 728 per sq.ft (2024)
• Bharathiar Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalowputhur Road First Street

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total cost for these fees to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bangalowputhur Road First Street?

The Bangalowputhur Road First Street is covered by the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kangeyam. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they are compliant with the legal requirements during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Bangalowputhur Road First Street?

The current guideline value of Bangalowputhur Road First Street is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

What is the land classification for Bangalowputhur Road First Street?

The land classification for Bangalowputhur Road First Street is Residential Class II Type - I.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 448 per sq.ft would incur total fees of Rs 40,320.