Guideline Value for BALAMURUGAN LAYOUT 4TH STREET

Balamurugan Layout 4th Street guideline value

The current guideline value of Balamurugan Layout 4th 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, classified as Commercial Class I Type - II.

How the guideline value of Balamurugan Layout 4th Street has changed

Over the years, the guideline value of Balamurugan Layout 4th Street has seen several revisions. The 2007 revision recorded a value of Rs 195 per sq.ft, which increased significantly to Rs 630 per sq.ft in 2012. However, there was a decline to Rs 422 per sq.ft in the 2017 revision. Following that, the value rose to Rs 700 per sq.ft in 2023, and it has now reached Rs 711 per sq.ft in the 2024 revision, marking a 2% increase from the previous year.

In summary, the changes in guideline value from 2007 to 2024 have been substantial. The value increased by 223% from 2007 to 2012, then decreased by 33% from 2012 to 2017. The subsequent rise of 66% from 2017 to 2023, followed by the 2% increase to 2024, results in an overall increase of 265% from the 2007 value.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. Balamurugan Layout 4th Street's guideline value is above this median.

• Balamurugan Layout 3rd Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout 5th Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout 2nd Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout Extension: Rs 711 per sq.ft (2024)
• Balamurugan Layout 1st Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Balamurugan Layout 4th 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, making the total cost for these fees 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Balamurugan Layout 4th Street?

The Balamurugan Layout 4th Street falls under 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 additional information.

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

The guideline value is a crucial factor in the registration of property transactions in Ward - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are recorded at a fair value as per the established guidelines.

Frequently asked questions

What is the current guideline value for Balamurugan Layout 4th Street?

The current guideline value for Balamurugan Layout 4th 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 this period.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 63,990.

Which office handles the registration for Balamurugan Layout 4th Street?

The Tiruppur Joint II Sub Registrar Office handles the registration for Balamurugan Layout 4th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Balamurugan Layout 4th Street?

Balamurugan Layout 4th Street is classified as Commercial Class I Type - II under the guideline value register.