Guideline Value for BALASUNDARAM LAYOUT

Balasundaram Layout guideline value

The current guideline value of Balasundaram Layout is Rs 665 per sq.ft, effective from 1 July 2024. This layout is located in Perianaickenpalayam village, under the Periyanayakkan Palayam SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Balasundaram Layout has changed

Over the years, the guideline value for Balasundaram Layout has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased to Rs 600 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased the guideline value to Rs 665 per sq.ft, marking an 11% increase from the previous year.

When looking at the changes between revisions, the 2023 to 2024 revision saw an increase of 11%. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the 2012 and 2024 revisions, there has been an increase of 11% in the guideline value.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,670 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, and the guideline value for Balasundaram Layout is above this median.

• Balaji Nagar: Rs 500 per sq.ft (2024)
• Bagathsingh Nagar Extension: Rs 340 per sq.ft (2024)
• Bagathsingh Nagar: Rs 340 per sq.ft (2024)
• Bharathi Nagar - 1: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 10: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 2: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Balasundaram Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 665 per sq.ft, the total guideline value would be Rs 6,65,000. The stamp duty at 7% would amount to Rs 46,550, while the registration fee at 2% would be Rs 13,300. Together, the total cost for these fees would be Rs 59,850. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Balasundaram Layout?

The Sub Registrar Office that covers Balasundaram Layout is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, 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 Perianaickenpalayam

The guideline value is a crucial factor during the registration process of property transactions in Perianaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Balasundaram Layout?

The current guideline value of Balasundaram Layout is Rs 665 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 665 per sq.ft in 2024.

What is the median guideline value for streets in Perianaickenpalayam?

The median guideline value for the 142 streets in Perianaickenpalayam is Rs 440 per sq.ft, with Balasundaram Layout's value being above this median.

What are the stamp duty and registration fees for a property in Balasundaram Layout?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 46,550 and the registration fee would be Rs 13,300, totaling Rs 59,850.

Where is the Sub Registrar Office for Balasundaram Layout located?

The Sub Registrar Office for Balasundaram Layout is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.