Guideline Value for Bango Street

Bango Street guideline value

The current guideline value of Bango Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bango Street has changed

Over the years, the guideline value of Bango Street has undergone several revisions. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,120 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. The overall change from 2007 to 2024 reflects a substantial increase of 180% in the guideline value.

Guideline values in Sanganur.

Sanganur has a total of 394 streets under the Gandhipuram SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, which aligns with the current value of Bango Street.

• Balusamy Nagar: Rs 1,100 per sq.ft (2024)
• Balasubramaniam Street: Rs 2,240 per sq.ft (2024)
• Bhaktavatsalam Street: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Park Road 1: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road 2: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bango Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty is charged at 7%, resulting in Rs 78,400, while the registration fee at 2% amounts to Rs 22,400. Therefore, the total cost for duty and registration would be Rs 1,00,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bango Street?

Bango Street falls under the jurisdiction of the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of properties in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Bango Street?

The current guideline value of Bango Street 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 seen several changes, increasing from Rs 400 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, marking an overall increase of 180%.

What are the stamp duty and registration fees for properties on Bango Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,20,000. The stamp duty is Rs 78,400 and the registration fee is Rs 22,400, totaling Rs 1,00,800.

Which office handles the registration for Bango Street?

The registration for Bango Street is handled by the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification for Bango Street?

Bango Street is classified as Residential Class I Type - III, which is important for understanding the zoning and usage regulations in the area.