Guideline Value

Corporate

Guideline Value for BALAMURUGAN LAYOUT

₹711/sq.ft.

The guideline value for Balamurugan Layout 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]

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Balamurugan Layout guideline value

The current guideline value of Balamurugan Layout is Rs 711 per sq.ft, effective from 1 July 2024. This area falls under Ward - A village, governed by the Tiruppur Joint II SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Balamurugan Layout has changed

The guideline value for Balamurugan Layout has seen 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 experienced a decrease of 33% to Rs 422 per sq.ft in 2017. The 2023 revision recorded a value of Rs 700 per sq.ft, and the latest revision in 2024 shows an increase to Rs 711 per sq.ft, reflecting a 2% rise from the previous year.

Between the revisions, the overall increase from 2007 to 2024 is notable, amounting to a total rise of 265%. The register has no 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 guideline values ranging from Rs 701 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 709 per sq.ft, placing Balamurugan Layout's 2024 figure above this median.

Stamp duty and registration fee for property in Balamurugan Layout

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, calculated at 7%, would amount to Rs 49,770, while the registration fee at 2% would be Rs 14,220. Therefore, the total cost for stamp duty and registration fee together would be Rs 63,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balamurugan Layout?

The Balamurugan Layout is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 in the registration process for property transactions in Ward - A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Balamurugan Layout?

The current guideline value of Balamurugan Layout 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, marking an overall increase of 265% over the years.

What are the other streets in Ward - A with the same guideline value?

Other streets in Ward - A with the same guideline value of Rs 711 per sq.ft include Balamurugan Layout 1st Street, Balamurugan Colony, Balamurugan Layout 2nd Street, Balamurugan Layout 3rd Street, Balamurugan Layout 4th Street, and Balamurugan Layout 5th Street.

Where can I find the Sub Registrar Office for Balamurugan Layout?

The Sub Registrar Office covering Balamurugan Layout is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Balamurugan Layout?

Stamp duty for properties in Balamurugan Layout is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.