Guideline Value for Bangalow Street (402)

Bangalow Street (402) guideline value

The current guideline value of Bangalow Street (402) is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Nambiyur village, under the Nambiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bangalow Street (402) has changed

Looking at the historical revisions, the guideline value for Bangalow Street (402) has seen several changes over the years. In 2002, the guideline value was Rs 122 per sq.ft, which increased to Rs 135 per sq.ft in 2003. Following this, the value rose to Rs 150 per sq.ft in 2007, then saw a significant jump to Rs 300 per sq.ft in 2012. However, it dropped back to Rs 201 per sq.ft in 2017, before returning to Rs 300 per sq.ft in both 2023 and the latest revision in 2024.

The changes between these revisions are noteworthy. From 2017 to 2023, there was a 49% increase, while the drop from 2012 to 2017 was 33%. The increase from 2007 to 2012 was 100%, and from 2003 to 2007, it was 11%. The overall change from 2002 to 2024 shows a 146% increase in the guideline value.

Guideline values in Nambiyur

In Nambiyur, there are 75 streets under the Nambiyur SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,120 per sq.ft. The median value is Rs 300 per sq.ft, which means Bangalow Street (402) is positioned at this median value.

• Attayankattupalayam Road (476,608/1to31,467/3): Rs 300 per sq.ft (2024)
• Andavar Kovil Street (476): Rs 300 per sq.ft (2024)
• Chettimuppanpathi Road (207/1,2,3,4): Rs 300 per sq.ft (2024)
• Aathithiravedar Street (Near) (204/9,372,1,2,399/7): Rs 300 per sq.ft (2024)
• Eswaran Kovil Street (407/2,3): Rs 300 per sq.ft (2024)
• Gandhipuram (154/1to6,155,164/1to5,165/3): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalow Street (402)

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that 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 Street (402)?

The Sub Registrar Office that covers Bangalow Street (402) is the Nambiyur Sub Registrar Office, located at Sro Nambiyur, Kovai-Gobi Main Road, opposite Boys Government School, Nambiyur, Pin 638458, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nambiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property accurately.

Frequently asked questions

What is the current guideline value of Bangalow Street (402)?

The current guideline value of Bangalow Street (402) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 122 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, with various increments and decrements in between.

What is the land classification of Bangalow Street (402)?

Bangalow Street (402) is classified as Residential Class I Type - I.

Where can I find the Nambiyur Sub Registrar Office?

The Nambiyur Sub Registrar Office is located on Kovai-Gobi Main Road, opposite Boys Government School, Nambiyur, Pin 638458, Coimbatore registration zone.

How is the stamp duty calculated for properties in Nambiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.