Guideline Value for BALASUNDARAM STREET

Balasundaram Street guideline value

The current guideline value of Balasundaram Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Krinshnarayapuram village, under the Peelamedu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balasundaram Street has changed

The guideline value for Balasundaram Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,700 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,870 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Krinshnarayapuram

Krinshnarayapuram has a total of 57 streets under the Peelamedu SRO with guideline values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,005 per sq.ft, placing Balasundaram Street's 2024 figure above this median.

• Balu Garden: Rs 1,000 per sq.ft (2024)
• Bharath Petrolium Layout: Rs 1,005 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Balasundaram Street

For a 1,000 sq.ft plot at the current rate of Rs 1,870 per sq.ft, the guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. 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 accurate calculations.

Which Sub Registrar Office covers Balasundaram Street?

The Sub Registrar Office that covers Balasundaram Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Krinshnarayapuram

The guideline value is a crucial factor during the registration of property transactions in Krinshnarayapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value is referenced to determine the applicable fees. This ensures transparency and fairness in the registration process, as the fees are based on the established guideline values rather than arbitrary figures.

Frequently asked questions

What is the current guideline value of Balasundaram Street?

The current guideline value of Balasundaram Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the registration office for Balasundaram Street?

The registration office for Balasundaram Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the stamp duty calculated for properties in Balasundaram Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the guideline value is Rs 18,70,000, leading to a stamp duty of Rs 1,30,900.

What are the other streets in Krinshnarayapuram?

Other streets in Krinshnarayapuram include Balu Garden, Bharath Petrolium Layout, Avinashi Road, Avarampalayam Thennanthope Road, Avarampalayam Main Road, and A.T.R.Nagar, with varying guideline values.