Guideline Value for BALAMURUGAN LAYOUT 2ND STREET

Balamurugan Layout 2nd Street guideline value

The current guideline value of Balamurugan Layout 2nd Street is Rs 711 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village, under the Tiruppur Joint II SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Balamurugan Layout 2nd Street has changed

The guideline value for Balamurugan Layout 2nd Street has undergone several revisions over the years. In 2007, the value was Rs 195 per sq.ft, which increased significantly to Rs 630 per sq.ft in 2012. However, it then decreased to Rs 422 per sq.ft in 2017. The value saw a substantial increase to Rs 700 per sq.ft in 2023, and currently stands at Rs 711 per sq.ft as of the 2024 revision.

Between the revisions, the changes are notable. From 2007 to 2012, there was an increase of 223%. Then, from 2012 to 2017, the value decreased by 33%. The value surged by 66% from 2017 to 2023, and finally, there was a 2% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 265%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing the guideline value of Balamurugan Layout 2nd Street above this median.

• Balamurugan Layout 1st Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout 3rd Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout: Rs 711 per sq.ft (2024)
• Balamurugan Layout 4th Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout 5th Street: Rs 711 per sq.ft (2024)
• Balamurugan Colony: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Balamurugan Layout 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value would be Rs 7,11,000. The stamp duty at 7% would amount to Rs 49,770, and the registration fee at 2% would be Rs 14,220, bringing the total cost for stamp duty and registration fees to Rs 63,990. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balamurugan Layout 2nd Street?

The Balamurugan Layout 2nd Street is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Ward - A, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring transparency in property transactions.

During the registration process, the authorities will assess the property based on the guideline value, and the applicable stamp duty will be calculated accordingly. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Balamurugan Layout 2nd Street?

The current guideline value of Balamurugan Layout 2nd Street is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 195 per sq.ft in 2007 to Rs 711 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Balamurugan Layout 2nd Street?

The registration office for Balamurugan Layout 2nd Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,11,000, the stamp duty would be Rs 49,770 at a rate of 7%.

Are there other streets with the same guideline value in Ward - A?

Yes, several other streets in Ward - A have the same guideline value of Rs 711 per sq.ft, including Balamurugan Layout 1st Street, Balamurugan Layout 3rd Street, Balamurugan Layout, Balamurugan Layout 4th Street, Balamurugan Layout 5th Street, and Balamurugan Colony.