Guideline Value

Corporate

Guideline Value for BALAMURUGAN NAGAR 4TH STREET

₹711/sq.ft.

The guideline value for Balamurugan Nagar 4th 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 Nagar 4th Street

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Balamurugan Nagar 4th Street guideline value

The current guideline value of Balamurugan Nagar 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 and is classified as Commercial Class I Type - II.

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

The guideline value for Balamurugan Nagar 4th Street has seen several revisions over the years. In 2007, the guideline 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. From 2017 to 2023, the value rose sharply to Rs 700 per sq.ft, and the most recent revision in 2024 set the value at Rs 711 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

Examining the changes, the guideline value increased by 223% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a remarkable increase of 66% from 2017 to 2023. The change from 2023 to 2024 is a modest increase of 2%. Overall, from 2007 to 2024, the guideline value has risen by 265%.

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 Balamurugan Nagar 4th Street's 2024 guideline value above this median.

Stamp duty and registration fee for property in Balamurugan Nagar 4th 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, bringing the total cost for these fees to Rs 63,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balamurugan Nagar 4th Street?

The Balamurugan Nagar 4th Street falls under 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 an essential factor during the registration of property transactions in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar 4th Street?

The current guideline value of Balamurugan Nagar 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 the years.

What is the registration office for Balamurugan Nagar 4th Street?

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

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

For a property valued at Rs 7,11,000, the stamp duty would be Rs 49,770 and the registration fee would be Rs 14,220, totaling Rs 63,990.

What is the median guideline value in Ward - A?

The median guideline value in Ward - A is Rs 709 per sq.ft, which is below the current value of Balamurugan Nagar 4th Street at Rs 711 per sq.ft.