Guideline Value for Bangla Street

Bangla Street guideline value

The current guideline value of Bangla Street in Vengampoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Kodumudi SRO and is classified as Residential Class III Type - V.

How the guideline value of Bangla Street has changed

In the 2007 revision, the guideline value was Rs 39 per sq.ft. This increased significantly to Rs 100 per sq.ft in 2012, marking a 156% rise. However, in the 2017 revision, the value saw a decrease to Rs 67 per sq.ft, which is a drop of 33% from the previous revision.

From 2017 to 2023, the guideline value increased dramatically to Rs 200 per sq.ft, showing a 199% increase. The 2024 revision maintains this value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vengampoor

In Vengampoor, there are 66 streets under the Kodumudi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 200 per sq.ft, with a median of Rs 200 per sq.ft. Bangla Street's 2024 figure is equal to this median.

• Asariyar veettu sandu: Rs 200 per sq.ft (2024)
• Andivalavu veethi: Rs 200 per sq.ft (2024)
• East Street: Rs 200 per sq.ft (2024)
• Ellaiyur Karur-Erode mainroad: Rs 200 per sq.ft (2024)
• Ellaiyur kodumudi-kangeyam mainroad: Rs 200 per sq.ft (2024)
• Harijan colony: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bangla Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which equals Rs 14,000, and the registration fee is charged at 2%, amounting to Rs 4,000. Together, the total fees would be Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bangla Street?

The Sub Registrar Office that covers Bangla Street is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengampoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is considered to determine the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bangla Street?

The current guideline value of Bangla Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 39 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing an overall increase of 413% over the years.

What are the other streets with the same guideline value in Vengampoor?

Other streets in Vengampoor with the same guideline value of Rs 200 per sq.ft include Asariyar veettu sandu, Andivalavu veethi, East Street, Ellaiyur Karur-Erode mainroad, Ellaiyur kodumudi-kangeyam mainroad, and Harijan colony.

Where can I find the Kodumudi Sub Registrar Office?

The Kodumudi Sub Registrar Office is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

How are stamp duty and registration fees calculated for properties in Vengampoor?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, on a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.