Guideline Value for Bangaru layout

Bangaru layout guideline value

The current guideline value of Bangaru layout in Uppilipalayam village, under the Singanallur SRO, is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Bangaru layout has changed

The guideline value for Bangaru layout has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 1,120 per sq.ft.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The latest change from 2023 to 2024 reflects a 12% increase. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with 2024 guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, placing the guideline value of Bangaru layout below this median.

• Balusamy naidu layout: Rs 1,001 per sq.ft (2024)
• Balu Nayakar Layout: Rs 1,001 per sq.ft (2024)
• Balu Naidu thottam: Rs 1,001 per sq.ft (2024)
• Balasundram Street: Rs 2,016 per sq.ft (2024)
• Balasundaram Layout: Rs 1,680 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Bangaru layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. 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 accurate calculations.

Which Sub Registrar Office covers Bangaru layout?

The Bangaru layout falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a benchmark used during property registration in Uppilipalayam. When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

It is essential to be aware that the guideline value can influence the sale price of a property. Buyers and sellers should consider the guideline value when negotiating prices to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Bangaru layout?

The current guideline value of Bangaru layout is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Bangaru layout?

Bangaru layout is classified as Residential Class I Type - III.

What are the stamp duty rates for properties in Bangaru layout?

The stamp duty rate for properties in Bangaru layout is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.