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 road is located in Ward 6, under the Pollachi Sub Registrar Office (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. The earliest recorded figure in the register is from 2002, with a value of Rs 997 per sq.ft. This increased to Rs 1,110 per sq.ft in 2003, marking a change of +11%. The value then rose to Rs 1,155 per sq.ft in 2007, which is a +4% change. A significant increase occurred in 2012, with the value jumping to Rs 2,500 per sq.ft, representing a +116% change. However, this figure dropped to Rs 1,675 per sq.ft in 2017, a decrease of -33%. The value remained at Rs 2,500 per sq.ft in both 2023 and 2024, showing no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by +151%. There are no figures available for revisions in years other than those listed.

Guideline values in Ward 6

In Ward 6, there are 24 streets under the Pollachi SRO, with 2024 guideline values ranging from Rs 541 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,463 per sq.ft, placing Banglow Road's current value above this median.

• Bazar Street: Rs 2,500 per sq.ft (2024)
• Chathiram Street: Rs 2,500 per sq.ft (2024)
• Imamkan Steet: Rs 1,345 per sq.ft (2024)
• Kalingarayar Street: Rs 990 per sq.ft (2024)
• Kanagarayar Street: Rs 1,850 per sq.ft (2024)
• Kandhasamy Lane: 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 guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, while the registration fee at 2% would be Rs 50,000. Therefore, the total cost for these fees would be Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 6

The guideline value plays a crucial role in the registration of property transactions in Ward 6. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that both buyers and sellers are aware of the financial obligations associated with the transfer of property ownership.

Additionally, the guideline value serves as a reference point for property transactions, helping to standardize the valuation process. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during registration.

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 from Rs 997 per sq.ft in 2002 to Rs 2,500 per sq.ft in 2024, with various revisions along the way. The most significant change occurred between 2007 and 2012, where the value increased by 116%.

What is the land classification for Banglow Road?

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

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 would be Rs 1,75,000 and the registration fee would be Rs 50,000.