Guideline Value for BALARANGANATHAPURAM

Balaranganathapuram guideline value

The current guideline value for Balaranganathapuram is Rs 1,120 per sq.ft, effective from 1 July 2024. This village falls under the Ganapathy SRO and is classified as Residential Class I Type - II.

How the guideline value of Balaranganathapuram has changed

Over the years, the guideline value of Balaranganathapuram has seen several revisions. The 2007 revision recorded a guideline value of Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, in 2017, the value dropped to Rs 670 per sq.ft. The 2023 revision brought a significant increase to Rs 1,000 per sq.ft, followed by the current 2024 revision, which is Rs 1,120 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 is an increase of 12%. Overall, from 2007 to 2024, the guideline value has risen by 124%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Balaranganathapuram's 2024 figure above this median.

• Balagurugardens: Rs 1,670 per sq.ft (2024)
• Balaguru Garden Extn: Rs 1,670 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Street: Rs 1,002 per sq.ft (2024)
• Bharathi Street, Sasthiri Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Street, V.O.C. Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Balaranganathapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. It is important to note that 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 Balaranganathapuram?

Balaranganathapuram is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Villankuruchicorpration. It establishes the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in determining the financial obligations related to the transaction, providing clarity and transparency in the property dealings.

Frequently asked questions

What is the current guideline value for Balaranganathapuram?

The current guideline value for Balaranganathapuram is Rs 1,120 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 500 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, marking an overall increase of 124%.

What is the land classification of Balaranganathapuram?

Balaranganathapuram is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

How is stamp duty calculated for properties in Balaranganathapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 at 7%.