Guideline Value for Bangalow Road

Bangalow Road guideline value

The current guideline value of Bangalow Road is Rs 2,500 per sq.ft, effective from 1 July 2024. This road is located in Ward 4 village under the Pollachi Sub Registrar Office (SRO) and is classified as Commercial Special Type - I.

How the guideline value of Bangalow Road has changed

The guideline value for Bangalow Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,245 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2012 revision, marking a significant increase of 101%. However, in the 2017 revision, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The value then rose again to Rs 2,500 per sq.ft in the 2023 revision, and remained unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 101%.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 675 per sq.ft, which means that Bangalow Road's 2024 figure is above that median.

• Balakrishna Layout: Rs 420 per sq.ft (2024)
• Azakapuri Road: Rs 420 per sq.ft (2024)
• Azakappa Colony: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 per sq.ft (2024)
• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azagammal Layout: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalow Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that the 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 Road?

The Bangalow Road is covered by the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, 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 4

The guideline value is a crucial factor in the registration process when buying or selling property. It determines the amount of stamp duty and registration fees that need to be paid, which are essential for the legal transfer of property ownership.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Bangalow Road?

The current guideline value of Bangalow Road is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,245 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2012, then dropping to Rs 1,675 per sq.ft in 2017, before rising to Rs 2,500 per sq.ft in 2023 and remaining the same in 2024.

What is the median guideline value in Ward 4?

The median guideline value in Ward 4 is Rs 675 per sq.ft, which is lower than the current value of Bangalow Road.

What are the stamp duty and registration fees for property on Bangalow Road?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Where can I find the Sub Registrar Office for Bangalow Road?

The Sub Registrar Office covering Bangalow Road is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001. You can find more information on how to locate your SRO.