Guideline Value for Bowdhigam ChandraSekar Nagar

Bowdhigam ChandraSekar Nagar guideline value

The current guideline value of Bowdhigam ChandraSekar Nagar is Rs 911 per sq.ft, effective from 1 July 2024. This area is located in Ward 5 village under the Pollachi SRO and is classified as Residential Special Type - IV.

How the guideline value of Bowdhigam ChandraSekar Nagar has changed

The guideline value for Bowdhigam ChandraSekar Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 360 per sq.ft, which increased to Rs 413 per sq.ft in 2003. The value saw a rise to Rs 485 per sq.ft in 2007, followed by a significant jump to Rs 910 per sq.ft in 2012. However, there was a decline to Rs 610 per sq.ft in 2017. The value remained at Rs 911 per sq.ft in both the 2023 and 2024 revisions.

From 2017 to 2023, there was a notable increase of 49%. Between 2012 and 2017, the value decreased by 33%. The increase from 2007 to 2012 was 88%, while the rise from 2003 to 2007 was 17%. The value also increased by 15% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 153%. There are no figures for any other years for this street in the register.

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 Bowdhigam ChandraSekar Nagar's 2024 figure below that median.

• Devangapuram: Rs 911 per sq.ft (2024)
• Dhandapani Nagar: Rs 911 per sq.ft (2024)
• Bioscope Road (Sellam Takies Street): Rs 1,175 per sq.ft (2024)
• Dr.Ansari Street: Rs 1,175 per sq.ft (2024)
• Bharathi Street: Rs 1,150 per sq.ft (2024)
• Banglow Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bowdhigam ChandraSekar Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 9,11,000. The stamp duty at 7% would amount to Rs 63,770, and the registration fee at 2% would be Rs 18,220, bringing the total charges to Rs 81,990. 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 further calculations.

Which Sub Registrar Office covers Bowdhigam ChandraSekar Nagar?

The Sub Registrar Office covering Bowdhigam ChandraSekar Nagar 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 during property registration in Ward 5. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs involved in the transaction. This ensures that both buyers and sellers are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bowdhigam ChandraSekar Nagar?

The current guideline value of Bowdhigam ChandraSekar Nagar is Rs 911 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 360 per sq.ft in 2002 to Rs 911 per sq.ft in 2024. There have been various increases and decreases over the years, with the most significant increase being 153% from 2002 to 2024.

What are the guideline values of other streets in Ward 5?

Other streets in Ward 5 have varying guideline values, ranging from Rs 911 to Rs 2,500 per sq.ft. For example, Devangapuram and Dhandapani Nagar both have a value of Rs 911 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Bowdhigam ChandraSekar Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 81,990.

Where can I find the Sub Registrar Office for Bowdhigam ChandraSekar Nagar?

The Sub Registrar Office for Bowdhigam ChandraSekar Nagar is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001. You can find more information about your SRO through the provided link.