Guideline Value for BALAMURUGAN NAGAR

Balamurugan Nagar guideline value

The current guideline value of Balamurugan Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vellalore village under the Singanallur SRO and is classified as Residential Class I Type - III.

How the guideline value of Balamurugan Nagar has changed

The guideline value register shows no figures for Balamurugan Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 550 per sq.ft.

As there have been no figures recorded for this street in the previous revisions, the current value stands alone without any historical changes to compare against.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Balamurugan Nagar's value above this median.

• Balaji Nagar: Rs 440 per sq.ft (2024)
• Banker Street: Rs 220 per sq.ft (2024)
• Bajanai koil veethy: Rs 330 per sq.ft (2024)
• Badmanabathever Street: Rs 330 per sq.ft (2024)
• Babukan Street: Rs 770 per sq.ft (2024)
• Bharathiar Street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Balamurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balamurugan Nagar?

The Sub Registrar Office that covers Balamurugan Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellalore

The guideline value is a crucial factor in the registration process for property transactions in Vellalore. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to consider this value as it can affect the overall costs associated with the transaction, including taxes and fees.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar?

The current guideline value of Balamurugan Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Balamurugan Nagar in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only value available is from the 2024 revision.

What is the registration office for Balamurugan Nagar?

The registration office for Balamurugan Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is stamp duty calculated in Balamurugan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available online.