Guideline Value

Corporate

Guideline Value for BALAMURUGAN LAYOUT 3RD STREET

₹711/sq.ft.

The guideline value for Balamurugan Layout 3rd Street in Ward - A village (Tiruppur Joint Ii SRO, Coimbatore zone) is Rs 711 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 2% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward - A

Village

Tiruppur Joint II

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹711 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹422 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹630 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹195 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960035
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Balamurugan Layout 3rd Street

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Balamurugan Layout 3rd Street guideline value

The current guideline value of Balamurugan Layout 3rd 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 3rd Street has changed

The guideline value for Balamurugan Layout 3rd 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, this value then decreased to Rs 422 per sq.ft in 2017. The value saw a substantial rise to Rs 700 per sq.ft in 2023, and it has now increased by 2% to reach Rs 711 per sq.ft in the 2024 revision.

Between the revisions, the changes were notable: from 2007 to 2012, the value increased by 223%, but then it dropped by 33% from 2012 to 2017. The value surged by 66% from 2017 to 2023, leading to an overall increase of 265% from 2007 to 2024. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft. The median value is Rs 709 per sq.ft, placing Balamurugan Layout 3rd Street above this median.

Stamp duty and registration fee for property in Balamurugan Layout 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value amounts to Rs 7,11,000. The stamp duty at 7% would be Rs 49,770, and the registration fee at 2% would be Rs 14,220, totaling Rs 63,990. 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 details.

Which Sub Registrar Office covers Balamurugan Layout 3rd Street?

The Balamurugan Layout 3rd 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

The guideline value is a crucial factor when registering property in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction.

When a property is sold, the guideline value is used to ensure that the taxes and fees are calculated fairly based on the property's value. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balamurugan Layout 3rd Street?

The current guideline value of Balamurugan Layout 3rd 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 from Rs 195 per sq.ft in 2007 to Rs 711 per sq.ft in 2024, showing an overall increase of 265% over the years.

What is the stamp duty for properties in Balamurugan Layout 3rd Street?

The stamp duty for properties in Balamurugan Layout 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration for Balamurugan Layout 3rd Street?

The Tiruppur Joint II Sub Registrar Office handles property registration for Balamurugan Layout 3rd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the median guideline value in Ward - A?

The median guideline value in Ward - A is Rs 709 per sq.ft, with Balamurugan Layout 3rd Street's value being above this median at Rs 711 per sq.ft.