Guideline Value for BALASUNDRAM ROAD

Balasundram Road guideline value

The current guideline value of Balasundram Road is Rs 1,400 per sq.ft, effective from 1 July 2024. This road is located in Ganapathy village, which falls under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balasundram Road has changed

The guideline value for Balasundram Road has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 1,250 per sq.ft in 2012. However, it dropped to Rs 837 per sq.ft in 2017, before rising again to Rs 1,250 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,400 per sq.ft, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 100%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value is Rs 1,120 per sq.ft, which means that Balasundram Road's 2024 figure is above that median.

• Balasundram Road.Jayasamani Road: Rs 1,400 per sq.ft (2024)
• Balan Nagar,Ganapathi Pudur Veethi No-8: Rs 1,010 per sq.ft (2024)
• Balugardens Phase 1.2: Rs 1,010 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,120 per sq.ft (2024)
• Balaji Nagar (Srinivasapuram): Rs 1,400 per sq.ft (2024)
• Balaji Layout: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Balasundram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balasundram Road?

The Ganapathy Sub Registrar Office covers Balasundram Road. The office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is vital to consider the guideline value when planning any property transaction in the area.

Frequently asked questions

What is the current guideline value of Balasundram Road?

The current guideline value of Balasundram Road is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 700 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 100% over this period.

What are the registration fees for property in Balasundram Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Ganapathy Sub Registrar Office located?

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

What other streets in Ganapathy have a guideline value?

Other streets in Ganapathy include Balasundram Road.Jayasamani Road at Rs 1,400 per sq.ft, Balan Nagar,Ganapathi Pudur Veethi No-8 at Rs 1,010 per sq.ft, and several others, with values ranging from Rs 1,010 to Rs 4,595 per sq.ft.