Guideline Value for Balachandrapuram Main Road (426/1,3)

Balachandrapuram Main Road (426/1,3) guideline value

The current guideline value of Balachandrapuram Main Road (426/1,3) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Kanjikoil village, under the Kavundapadi SRO, and is classified as Residential Class III Type - V.

How the guideline value of Balachandrapuram Main Road (426/1,3) has changed

The guideline value of Balachandrapuram Main Road has undergone several revisions over the years. In 2007, the guideline value was Rs 26 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it saw a significant decrease of 33% to Rs 67 per sq.ft in 2017. From 2017 to 2023, the value rose sharply by 199% to reach Rs 200 per sq.ft. The 2024 revision maintains this value with no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 669%.

Guideline values in Kanjikoil

In Kanjikoil, there are 50 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 326 per sq.ft, with a median value of Rs 226 per sq.ft. The guideline value for Balachandrapuram Main Road (426/1,3) is below this median.

• Ayyaparapu Main Road (960/2,8): Rs 200 per sq.ft (2024)
• Ayyanvalasu road (372/4): Rs 226 per sq.ft (2024)
• Ayyan Kovil Street (372/4): Rs 326 per sq.ft (2024)
• Avinashi lingapuram (234/4b): Rs 226 per sq.ft (2024)
• Arrumaikarar Street (372/4): Rs 226 per sq.ft (2024)
• Arayankattu Street (372/4): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Balachandrapuram Main Road (426/1,3)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% amounts to Rs 14,000, and the registration fee at 2% is Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balachandrapuram Main Road (426/1,3)?

The Sub Registrar Office that covers Balachandrapuram Main Road is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kanjikoil, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balachandrapuram Main Road (426/1,3)?

The current guideline value of Balachandrapuram Main Road (426/1,3) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 26 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 669% over the years.

What is the registration office for Balachandrapuram Main Road (426/1,3)?

The registration office for Balachandrapuram Main Road is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is stamp duty calculated for property transactions in Kanjikoil?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.

What other streets in Kanjikoil have guideline values?

Other streets in Kanjikoil under the Kavundapadi SRO have varying guideline values, with rates ranging from Rs 200 to Rs 326 per sq.ft as of 2024.