Guideline Value for BANGALOWPUTHUR ROAD SECOND STREET

Bangalowputhur Road Second Street guideline value

The current guideline value for Bangalowputhur Road Second Street is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bangalowputhur Road Second Street has changed

Looking at the revisions, the guideline value for this street has seen several changes over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was followed by a decrease to Rs 268 per sq.ft in 2017. Subsequently, the value rose to Rs 400 per sq.ft in 2023, and finally, the current value stands at Rs 448 per sq.ft from the 2024 revision.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change, from 2023 to 2024, reflects a rise of 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with the 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median value across these streets is Rs 448 per sq.ft, which aligns with the current guideline value for Bangalowputhur Road Second Street.

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

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

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

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bangalowputhur Road Second Street?

The Sub Registrar Office that covers Bangalowputhur Road Second Street is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kangeyam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duty. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Bangalowputhur Road Second Street?

The current guideline value for Bangalowputhur Road Second 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 are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 4,48,000, the stamp duty would be Rs 31,360 and the registration fee would be Rs 8,960, totaling Rs 40,320.

Which office handles property registrations for Bangalowputhur Road Second Street?

The Kangeyam Sub Registrar Office handles property registrations for Bangalowputhur Road Second Street, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What is the median guideline value for streets in Kangeyam?

The median guideline value for streets in Kangeyam is Rs 448 per sq.ft, which is the same as the current value for Bangalowputhur Road Second Street.