Guideline Value for Banglow Road

Banglow Road guideline value

The current guideline value of Banglow Road is Rs 1,850 per sq.ft, effective from 1 July 2024. This street is located in Ward 3 village under the Pollachi SRO, and the land classification is Commercial Special Type - III.

How the guideline value of Banglow Road has changed

Over the years, the guideline value for Banglow Road has seen several revisions. The earliest recorded figure was Rs 1,067 per sq.ft in 2002, which increased to Rs 1,173 per sq.ft in 2003, marking a change of +10%. The value then rose to Rs 1,245 per sq.ft in 2007, a +6% increase. In 2012, it saw a significant rise to Rs 1,850 per sq.ft, reflecting a +49% change. However, this value dropped back to Rs 1,239 per sq.ft in 2017, a decrease of -33%. The guideline value remained at Rs 1,850 per sq.ft in 2023 and 2024, indicating no change between these two revisions.

From 2017 to 2023, the guideline value increased by +49%. Overall, from 2002 to 2024, the guideline value has increased by +73%, showcasing a gradual increase over the years.

Guideline values in Ward 3

In Ward 3, there are 46 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 883 per sq.ft. The guideline value of Banglow Road is above this median.

• Balamanikam Cheeti Street: Rs 911 per sq.ft (2024)
• Arumugham Street: Rs 911 per sq.ft (2024)
• Arokiyanathapillai Street: Rs 2,000 per sq.ft (2024)
• Antigounder Street (Karikal Cholan street): Rs 2,500 per sq.ft (2024)
• Anna Colony: Rs 350 per sq.ft (2024)
• ABT Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Banglow Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,850 per sq.ft, the total guideline value amounts to Rs 18,50,000. The stamp duty at 7% would be Rs 1,29,500, and the registration fee at 2% would be Rs 37,000, bringing the total to Rs 1,66,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for assistance.

Which Sub Registrar Office covers Banglow Road?

The Sub Registrar Office that covers Banglow Road is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 3

The guideline value is a crucial factor during the registration process when buying or selling property in Ward 3. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a value that reflects the official assessment of the property’s worth.

When a property is sold, the buyer and seller must consider the guideline value for calculating applicable fees, such as stamp duty and registration fees. This ensures that the transaction complies with legal requirements and reflects the value set by the registration department.

Frequently asked questions

What is the current guideline value of Banglow Road?

The current guideline value of Banglow Road is Rs 1,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 1,067 per sq.ft in 2002 to Rs 1,850 per sq.ft in 2012, then dropping to Rs 1,239 per sq.ft in 2017, and remaining at Rs 1,850 per sq.ft in 2023 and 2024.

What is the land classification for Banglow Road?

The land classification for Banglow Road is Commercial Special Type - III.

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

The Sub Registrar Office for Banglow Road is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 18,50,000, the stamp duty at 7% would be Rs 1,29,500.