Guideline Value for Bioscope Road (Sellam Takies Street)

Bioscope Road (Sellam Takies Street) guideline value

The current guideline value of Bioscope Road (Sellam Takies Street) is Rs 1,175 per sq.ft, effective from 1 July 2024. This street is located in Ward 5 village under the Pollachi SRO, with a land classification of Mixed Type - III.

How the guideline value of Bioscope Road (Sellam Takies Street) has changed

The guideline value for Bioscope Road (Sellam Takies Street) has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 745 per sq.ft. This increased to Rs 1,175 per sq.ft in 2012, marking a significant rise of 58%. However, by 2017, the value dropped to Rs 787 per sq.ft, a decrease of 33%. The value then saw a substantial increase to Rs 1,175 per sq.ft in 2023 and remained the same in the 2024 revision, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 58%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO carrying a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft. The median guideline value in this ward is Rs 1,150 per sq.ft, making the 2024 figure for Bioscope Road (Sellam Takies Street) above this median.

• Bharathi Street: Rs 1,150 per sq.ft (2024)
• Banglow Road: Rs 2,500 per sq.ft (2024)
• BalaSubramanian Street: Rs 1,250 per sq.ft (2024)
• Balagopalapuram Street: Rs 1,250 per sq.ft (2024)
• Bowdhigam ChandraSekar Nagar: Rs 911 per sq.ft (2024)
• A.S.D.Puram: Rs 911 per sq.ft (2024)

Stamp duty and registration fee for property in Bioscope Road (Sellam Takies Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,175 per sq.ft, the total guideline value amounts to Rs 11,75,000. The stamp duty at 7% would be Rs 82,250, and the registration fee at 2% would be Rs 23,500, totaling Rs 1,05,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bioscope Road (Sellam Takies Street)?

The Sub Registrar Office that covers Bioscope Road (Sellam Takies Street) 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 5

The guideline value is a crucial factor when registering property transactions in Ward 5. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the current guideline value, as it affects the financial aspects of the transaction. The guideline value helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bioscope Road (Sellam Takies Street)?

The current guideline value of Bioscope Road (Sellam Takies Street) is Rs 1,175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 745 per sq.ft in 2007 to Rs 1,175 per sq.ft in 2012, followed by a decrease to Rs 787 per sq.ft in 2017. It returned to Rs 1,175 per sq.ft in both 2023 and 2024.

What is the median guideline value in Ward 5?

The median guideline value in Ward 5 is Rs 1,150 per sq.ft, with the current value of Bioscope Road (Sellam Takies Street) being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,75,000, the stamp duty at 7% is Rs 82,250, and the registration fee at 2% is Rs 23,500, totaling Rs 1,05,750.

Which office handles property registrations for Bioscope Road (Sellam Takies Street)?

The Pollachi Sub Registrar Office handles property registrations for Bioscope Road (Sellam Takies Street), located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.