Guideline Value for Bala Gangadhar Thilagar street

Bala Gangadhar Thilagar street guideline value

The current guideline value of Bala Gangadhar Thilagar street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Kallapalayam village under the Singanallur SRO, classified as Residential Class II Type - I.

How the guideline value of Bala Gangadhar Thilagar street has changed

The guideline value for Bala Gangadhar Thilagar street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 200 per sq.ft in the 2023 revision, before reaching the current rate of Rs 220 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it rose by 49%. Overall, the guideline value has increased by 10% from the 2012 figure to the 2024 figure. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kallapalayam

Kallapalayam village has a total of 81 streets under the Singanallur SRO, with 2024 guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this village is Rs 140 per sq.ft, placing Bala Gangadhar Thilagar street above this median.

• Bagathsingh street: Rs 220 per sq.ft (2024)
• Bharathiyar salai: Rs 220 per sq.ft (2024)
• Arunthathiyar Housing unit: Rs 140 per sq.ft (2024)
• Arijana Theru: Rs 140 per sq.ft (2024)
• Arijana Colony: Rs 140 per sq.ft (2024)
• Anna street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Gangadhar Thilagar street

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bala Gangadhar Thilagar street?

The Sub Registrar Office that covers Bala Gangadhar Thilagar street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

You can find your SRO for more information.

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

When buying or selling property in Kallapalayam, the guideline value is a crucial factor in determining the stamp duty and registration fees. This value is set by the registration department and is used as a benchmark for property transactions in the area.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bala Gangadhar Thilagar street?

The current guideline value of Bala Gangadhar Thilagar street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Bala Gangadhar Thilagar street?

Bala Gangadhar Thilagar street is classified as Residential Class II Type - I.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the stamp duty calculated for properties in Kallapalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000.