Guideline Value for BALAGOBALAPURAM STREET (BLOCK 2,3)

Balagobalapuram Street (Block 2,3) guideline value

The current guideline value of Balagobalapuram Street (Block 2,3) is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Ward 1 village under the Pollachi SRO and is classified as Residential Class I Type - I.

How the guideline value of Balagobalapuram Street (Block 2,3) has changed

The guideline value for Balagobalapuram Street (Block 2,3) has seen several revisions over the years. The 2012 revision set the guideline value at Rs 750 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision marked a decrease to Rs 502 per sq.ft. The value then increased significantly by 49% to Rs 750 per sq.ft in the 2023 revision, which has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has shown no net change.

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 guideline value in this ward is Rs 541 per sq.ft, placing Balagobalapuram Street's 2024 figure above this median.

• Baavani Sankaran Street: Rs 675 per sq.ft (2024)
• Bioyoscope Street: Rs 826 per sq.ft (2024)
• A.P.S.Nagar: Rs 750 per sq.ft (2024)
• Anna Colony: Rs 675 per sq.ft (2024)
• Anna Avenu: Rs 420 per sq.ft (2024)
• Anandham Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Balagobalapuram Street (Block 2,3)

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balagobalapuram Street (Block 2,3)?

The Sub Registrar Office that covers Balagobalapuram Street (Block 2,3) is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 1

The guideline value plays a crucial role in the registration process when buying or selling property in Ward 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Balagobalapuram Street (Block 2,3)?

The current guideline value of Balagobalapuram Street (Block 2,3) is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 750 per sq.ft in both 2023 and 2024. The value increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and there were no figures available for the years 2002, 2003, and 2007.

What is the land classification of Balagobalapuram Street (Block 2,3)?

Balagobalapuram Street (Block 2,3) is classified as Residential Class I Type - I.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,50,000, leading to a stamp duty of Rs 52,500 and a registration fee of Rs 15,000.