Guideline Value for Banglow Road

Banglow Road guideline value

The current guideline value of Banglow Road is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Ward 5 village under the Pollachi SRO and is classified as Commercial Special Type - I.

How the guideline value of Banglow Road has changed

The guideline value for Banglow Road has seen several revisions over the years. In 2002, the value was Rs 1,179 per sq.ft, which increased to Rs 1,352 per sq.ft in 2003, marking a 15% rise. The value then continued to rise, reaching Rs 1,555 per sq.ft in 2007, a further increase of 15%.

In 2012, the value dropped to Rs 2,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The value remained unchanged at Rs 2,500 per sq.ft in 2017 and again in 2023. As of the 2024 revision, the guideline value is still Rs 2,500 per sq.ft, indicating no change from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 112%.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,150 per sq.ft, placing Banglow Road's 2024 figure above that median.

• BalaSubramanian Street: Rs 1,250 per sq.ft (2024)
• Balagopalapuram Street: Rs 1,250 per sq.ft (2024)
• Bharathi Street: Rs 1,150 per sq.ft (2024)
• Bioscope Road (Sellam Takies Street): Rs 1,175 per sq.ft (2024)
• A.S.D.Puram: Rs 911 per sq.ft (2024)
• Arumugam Lay out / Nagar (A.K.Pani Gardens): Rs 911 per sq.ft (2024)

Stamp duty and registration fee for property in Banglow Road

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value would be Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. 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 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 additional information.

How the guideline value is used when you buy or sell in Ward 5

The guideline value is an essential factor in property transactions in Ward 5. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It serves as a benchmark for property transactions and assists in maintaining uniformity in property valuations across the region.

Frequently asked questions

What is the current guideline value of Banglow Road?

The current guideline value of Banglow Road is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed through several revisions, with the most significant change being a 112% increase from Rs 1,179 per sq.ft in 2002 to Rs 2,500 per sq.ft in 2024.

What is the land classification for Banglow Road?

Banglow Road is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where is the Sub Registrar Office for Banglow Road located?

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 the stamp duty calculated for properties in Banglow Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the stamp duty at 7% would be Rs 1,75,000.