Guideline Value for BIOYOSCOPE STREET

Bioyoscope Street guideline value

The current guideline value of Bioyoscope Street is Rs 826 per sq.ft, effective from 1 July 2024. This street is located in Ward 1 village under the Pollachi Sub Registrar Office (SRO), and the land classification is Residential Special Type - V.

How the guideline value of Bioyoscope Street has changed

The guideline value of Bioyoscope Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 825 per sq.ft, which then decreased to Rs 553 per sq.ft in 2017. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 826 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that the register does not provide figures for Bioyoscope Street for the years 2002, 2003, and 2007. Therefore, the only revisions available for this street are from 2012, 2017, 2023, and 2024, showing an overall change of 0% from 2012 to 2024.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 541 per sq.ft. Bioyoscope Street's 2024 guideline value of Rs 826 per sq.ft is above this median.

• Balagobalapuram Street (Block 2,3): Rs 750 per sq.ft (2024)
• Baavani Sankaran Street: Rs 675 per sq.ft (2024)
• Bowdhigam Chandrasekar Nagar: Rs 675 per sq.ft (2024)
• A.P.S.Nagar: Rs 750 per sq.ft (2024)
• Chinnampalayam Road: Rs 541 per sq.ft (2024)
• Chinnampalayam Road Sri Garden: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Bioyoscope Street

For a 1,000 sq.ft plot at the current guideline value of Rs 826 per sq.ft, the total guideline value amounts to Rs 8,26,000. The stamp duty at 7% would be Rs 57,820, and the registration fee at 2% would be Rs 16,520, making the total cost for these fees Rs 74,340. 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 Bioyoscope Street?

The Sub Registrar Office that covers Bioyoscope Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 1

When buying or selling property in Ward 1, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is registered at a value that reflects the local market conditions, providing a standard for both buyers and sellers. This value is essential for calculating the financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Bioyoscope Street?

The current guideline value of Bioyoscope Street is Rs 826 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease from Rs 825 per sq.ft in 2012 to Rs 553 per sq.ft in 2017, followed by an increase to Rs 826 per sq.ft in 2023 and 2024.

What is the land classification for Bioyoscope Street?

Bioyoscope Street is classified as Residential Special Type - V, indicating its designation for residential purposes within the area.

What are the registration fees for property transactions in Bioyoscope Street?

The registration fees for property transactions are calculated based on the guideline value, which is currently Rs 826 per sq.ft. The stamp duty is charged at 7%, and the registration fee at 2% of the guideline value.

Where can I find the Sub Registrar Office for Bioyoscope Street?

The Sub Registrar Office for Bioyoscope Street is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.