Guideline Value for Bangalow pudur Road

Bangalow pudur Road guideline value

The current guideline value of Bangalow pudur Road is Rs 300 per sq.ft, effective from 1 July 2024. This road is located in Lakkampatti village under the Gobichettipalayam Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Bangalow pudur Road has changed

The guideline value for Bangalow pudur Road has seen several revisions over the years. In 2002, the value was Rs 80 per sq.ft, which increased to Rs 89 per sq.ft in 2003. Following that, the value rose to Rs 106 per sq.ft in 2007, and then significantly increased to Rs 300 per sq.ft in 2012. However, there was a decrease to Rs 201 per sq.ft in 2017. The value remained at Rs 300 per sq.ft in both 2023 and the latest revision in 2024, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The largest increase occurred between 2007 and 2012, with a rise of 183%. Overall, from 2002 to 2024, the guideline value has increased by 275%.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Bangalow pudur Road's 2024 figure above that median.

• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Baharathi Nagar Extension: Rs 300 per sq.ft (2024)
• Bharathi street: Rs 250 per sq.ft (2024)
• Bharath Nagar: Rs 250 per sq.ft (2024)
• Aviayar Street (84): Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalow pudur Road

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value totals Rs 3,00,000. The stamp duty at 7% amounts to Rs 21,000, while the registration fee at 2% is Rs 6,000, making the total fees Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bangalow pudur Road?

The Sub Registrar Office that covers Bangalow pudur Road is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Lakkampatti. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Bangalow pudur Road?

The current guideline value of Bangalow pudur Road 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 several times, starting from Rs 80 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, with various increases and one decrease in between.

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

For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty is Rs 21,000, and the registration fee is Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Bangalow pudur Road?

The Gobichettipalayam Joint I Sub Registrar Office handles registrations for Bangalow pudur Road, located at Integrated Registration Office, No.81, Old Hospital Street, Gobichettipalayam-638452.

What is the land classification for Bangalow pudur Road?

Bangalow pudur Road is classified as Residential Class I Type - I, indicating its suitability for residential developments.