Guideline Value for Collector Benglow

Collector Benglow guideline value

The current guideline value of Collector Benglow is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Ward 7 village under the Pollachi SRO and is classified as Residential Class IV Type - III.

How the guideline value of Collector Benglow has changed

The guideline value for Collector Benglow has seen several revisions over the years. The earliest recorded figure is Rs 63 per sq.ft in 2002, which increased to Rs 75 per sq.ft in 2003, marking a change of +19%. By 2007, the value rose significantly to Rs 95 per sq.ft, reflecting a +27% increase. The value continued to rise to Rs 188 per sq.ft in 2017, which was a +195% change from the previous revision. In 2012, the value was Rs 280 per sq.ft, showing a decrease of -33% from the 2017 figure. The guideline value remained at Rs 300 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by +376%. There are no figures available for the years not mentioned in this context for Collector Benglow.

Guideline values in Ward 7

In Ward 7, there are 40 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,226 per sq.ft, with a median value of Rs 300 per sq.ft. Collector Benglow's 2024 figure matches this median.

• Dimond City: Rs 350 per sq.ft (2024)
• Doctor Ambethkar Street: Rs 300 per sq.ft (2024)
• Idayar Street: Rs 300 per sq.ft (2024)
• Indira Nagar: Rs 300 per sq.ft (2024)
• Ayyavu Chettiar Street: Rs 300 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Collector Benglow

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Collector Benglow?

The Sub Registrar Office that covers Collector Benglow 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 7

The guideline value is a crucial factor when registering property transactions in Ward 7. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the fees, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Collector Benglow?

The current guideline value for Collector Benglow is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 63 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, with significant increases and a few decreases in between, notably a -33% decrease from 2017 to 2012.

What are the stamp duty and registration fees for property in Collector Benglow?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Collector Benglow?

The Pollachi Sub Registrar Office covers Collector Benglow, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is updated periodically to reflect changes in the market.