Guideline Value

Corporate

Guideline Value for BALAMURUGAN NAGAR

₹711/sq.ft.

The guideline value for Balamurugan Nagar 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

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Balamurugan Nagar guideline value

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

How the guideline value of Balamurugan Nagar has changed

Over the years, the guideline value of Balamurugan Nagar has seen several revisions. The 2007 revision recorded a guideline value of Rs 195 per sq.ft, which increased significantly to Rs 630 per sq.ft in 2012. However, this value decreased to Rs 422 per sq.ft in 2017. The 2023 revision brought the value up to Rs 700 per sq.ft, and the latest revision in 2024 has set it at Rs 711 per sq.ft. There are no figures available for the revisions in 2002 and 2003 for this street.

In terms of percentage changes, from 2007 to 2012, there was an increase of 223%. However, the value dropped by 33% from 2012 to 2017. The value then surged by 66% from 2017 to 2023, and a further increase of 2% was noted from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased 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's 2024 figure above this median.

Stamp duty and registration fee for property in Balamurugan Nagar

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, while the registration fee at 2% would be Rs 14,220, bringing the total to Rs 63,990. It is important to note that duty is charged on the higher of the guideline value or the sale price. 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 Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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 when buying or selling property in Ward - A. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. Buyers and sellers should be aware that the actual sale price may influence the final fees, as the higher of the guideline value or the sale price is used for calculating duties.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar?

The current guideline value of Balamurugan Nagar is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 195 per sq.ft in 2007 to Rs 711 per sq.ft in 2024, marking an overall increase of 265% over this period.

What is the land classification for Balamurugan Nagar?

Balamurugan Nagar is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

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

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

How is stamp duty calculated for properties in Balamurugan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 49,770 at a rate of 7%.