Guideline Value for Bowdhigam Chandrasekar Nagar

Bowdhigam Chandrasekar Nagar guideline value

The current guideline value for Bowdhigam Chandrasekar Nagar is Rs 675 per sq.ft, effective from 1 July 2024. This area is located in Ward 1 village under the Pollachi SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bowdhigam Chandrasekar Nagar has changed

The guideline value for Bowdhigam Chandrasekar Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 300 per sq.ft. It increased to Rs 331 per sq.ft in 2003, followed by a rise to Rs 375 per sq.ft in 2007. The value then jumped to Rs 675 per sq.ft in the 2012 revision, remaining at the same level until the 2023 revision. The 2024 revision also maintains this value of Rs 675 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was 10%. The value rose by 13% from 2003 to 2007. A significant increase of 80% was observed from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, with no change from 2023 to 2024.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 541 per sq.ft, placing Bowdhigam Chandrasekar Nagar's 2024 figure above this median.

• Chinnampalayam Road: Rs 541 per sq.ft (2024)
• Chinnampalayam Road Sri Garden: Rs 541 per sq.ft (2024)
• C.M.V.Layout: Rs 301 per sq.ft (2024)
• C.P.Ramakrishnasamy Layout: Rs 541 per sq.ft (2024)
• C.P.S.Gardens: Rs 541 per sq.ft (2024)
• Devi Garden: Rs 541 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 of Rs 675 per sq.ft, the total guideline value amounts to Rs 6,75,000. The stamp duty at 7% would be Rs 47,250, and the registration fee at 2% would be Rs 13,500, bringing the total charges to Rs 60,750. 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 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 1

The guideline value is a critical factor in property transactions within Ward 1. It serves as a benchmark for the registration of properties, ensuring that the transaction is recorded at a value that reflects the current market conditions as determined by the government.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Bowdhigam Chandrasekar Nagar?

The current guideline value for Bowdhigam Chandrasekar Nagar is Rs 675 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 300 per sq.ft in 2002 to Rs 675 per sq.ft in the latest revision for 2024. There have been fluctuations, including a decrease from 2012 to 2017.

What is the median guideline value for streets in Ward 1?

The median guideline value for streets in Ward 1 is Rs 541 per sq.ft, with Bowdhigam Chandrasekar Nagar's value being above this median.

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

For a property valued at Rs 6,75,000, the stamp duty is Rs 47,250 and the registration fee is Rs 13,500, totaling Rs 60,750.

Where is the Sub Registrar Office for Bowdhigam Chandrasekar Nagar located?

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