Guideline Value for BALU INNOVESAN

Balu Innovesan guideline value

The current guideline value of Balu Innovesan is Rs 705 per sq.ft, effective from 1 July 2024. It is located in Chettipalayam village under the Tiruppur Joint I SRO, classified as Mixed Special Type - II land.

How the guideline value of Balu Innovesan has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 402 per sq.ft in the 2017 revision, representing a decrease of 33%. Following this, the value rose significantly to Rs 705 per sq.ft in the 2023 revision, marking a 75% increase. The current 2024 revision maintains this value at Rs 705 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 18%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 703 per sq.ft, placing Balu Innovesan's 2024 figure above that median.

• Balaji Avnue: Rs 703 per sq.ft (2024)
• A.V.R.Nagar: Rs 703 per sq.ft (2024)
• A.V.P Nagar: Rs 700 per sq.ft (2024)
• A.V.P Layout: Rs 700 per sq.ft (2024)
• A.V.P.J.S Gardens: Rs 705 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Innovesan

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total cost for these fees to Rs 63,450. 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 Balu Innovesan?

Balu Innovesan falls under the Tiruppur Joint I 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 Chettipalayam

The guideline value is essential during the registration of property transactions in Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction aligns with the official rates set by the Registration Department. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Balu Innovesan?

The current guideline value of Balu Innovesan is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 600 per sq.ft in 2012, dropping to Rs 402 per sq.ft in 2017, and then increasing to Rs 705 per sq.ft in both 2023 and 2024.

What is the land classification of Balu Innovesan?

Balu Innovesan is classified as Mixed Special Type - II land according to the guidelines set by the Registration Department.

What are the stamp duty and registration fees for properties in Balu Innovesan?

For a property valued at Rs 7,05,000, the stamp duty would be Rs 49,350 and the registration fee would be Rs 14,100, totaling Rs 63,450. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Balu Innovesan?

The Tiruppur Joint I Sub Registrar Office handles property registrations for Balu Innovesan. The office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.