Guideline Value for BALATHANDAYUDAM VEETHI

Balathandayudam Veethi guideline value

The current guideline value of Balathandayudam Veethi is Rs 707 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class III Type - III.

How the guideline value of Balathandayudam Veethi has changed

The guideline value for Balathandayudam Veethi has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which then changed to Rs 234 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50% to reach Rs 350 per sq.ft. The most recent revision in 2024 has seen a significant increase to Rs 707 per sq.ft, representing a 102% rise from the previous year.

It is important to note that the register has no figures for Balathandayudam Veethi for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 102%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value in the village is Rs 711 per sq.ft, placing Balathandayudam Veethi's 2024 figure below this median.

• Balaji Nagar Sirupuluvapatti: Rs 705 per sq.ft (2024)
• Balaji Nagar: Rs 706 per sq.ft (2024)
• Best Road: Rs 715 per sq.ft (2024)
• Bharathiar Street: Rs 890 per sq.ft (2024)
• Bharathi Iiird Street: Rs 711 per sq.ft (2024)
• Bharathi Iind Street: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Balathandayudam Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 707 per sq.ft, the total guideline value would be Rs 7,07,000. The stamp duty at 7% would amount to Rs 49,490, and the registration fee at 2% would be Rs 14,140, bringing the total to Rs 63,630. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balathandayudam Veethi?

The Sub Registrar Office that covers Balathandayudam Veethi is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Velampalayam

The guideline value plays a crucial role in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Balathandayudam Veethi?

The current guideline value of Balathandayudam Veethi is Rs 707 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 707 per sq.ft in 2024.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, which is higher than the current value of Balathandayudam Veethi.

How is the stamp duty calculated for properties in Balathandayudam Veethi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,07,000, the stamp duty at 7% would be Rs 49,490.

Where is the Sub Registrar Office for Balathandayudam Veethi located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.