Guideline Value for BalaSubramanian Street

BalaSubramanian Street guideline value

The current guideline value of BalaSubramanian Street is Rs 1,250 per sq.ft, effective from 1 July 2024. This street is located in Ward 5 village under the Pollachi SRO, classified as Mixed Special Type - III.

How the guideline value of BalaSubramanian Street has changed

In the 2002 revision, the guideline value was Rs 413 per sq.ft. This increased to Rs 474 per sq.ft in 2003, marking a change of +15%. The value saw a slight increase to Rs 485 per sq.ft in 2007, which was a +2% change. The 2012 revision set the value at Rs 1,250 per sq.ft, reflecting a significant increase of +158% from the previous figure.

From 2012 to 2017, the guideline value decreased to Rs 837 per sq.ft, a change of -33%. In the 2023 revision, the value returned to Rs 1,250 per sq.ft, and it remained unchanged in the 2024 revision, also at Rs 1,250 per sq.ft, showing a change of +0% between these two years. Overall, from 2002 to 2024, the guideline value has increased by +203%.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft, with a median of Rs 1,150 per sq.ft. BalaSubramanian Street's 2024 figure is above this median.

• Banglow Road: Rs 2,500 per sq.ft (2024)
• Balagopalapuram Street: Rs 1,250 per sq.ft (2024)
• Bharathi Street: Rs 1,150 per sq.ft (2024)
• Bioscope Road (Sellam Takies Street): Rs 1,175 per sq.ft (2024)
• A.S.D.Puram: Rs 911 per sq.ft (2024)
• Arumugam Lay out / Nagar (A.K.Pani Gardens): Rs 911 per sq.ft (2024)

Stamp duty and registration fee for property in BalaSubramanian Street

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, totaling Rs 1,12,500. 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 BalaSubramanian Street?

The Sub Registrar Office that covers BalaSubramanian Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward 5

The guideline value is a crucial factor in property transactions in Ward 5, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the applicable stamp duty and registration fees.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. It is essential for both parties involved in the transaction to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of BalaSubramanian Street?

The current guideline value of BalaSubramanian Street is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, from Rs 413 per sq.ft in 2002 to Rs 1,250 per sq.ft in 2024, showing an overall increase of +203% over the years.

What are the stamp duty and registration fees for properties on BalaSubramanian Street?

For a property valued at Rs 12,50,000, the stamp duty would be Rs 87,500, and the registration fee would be Rs 25,000, totaling Rs 1,12,500.

Which office handles property registrations for BalaSubramanian Street?

The Pollachi Sub Registrar Office handles property registrations for BalaSubramanian Street, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification of BalaSubramanian Street?

BalaSubramanian Street is classified as Mixed Special Type - III, which influences its guideline value and property regulations.