Guideline Value for Balagopalapuram Street

Balagopalapuram Street guideline value

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

How the guideline value of Balagopalapuram Street has changed

The guideline value for Balagopalapuram Street has undergone several revisions over the years. In 2002, the value was Rs 458 per sq.ft, which increased to Rs 550 per sq.ft in 2003, marking a 20% rise. The value then saw a 10% increase to Rs 605 per sq.ft in 2007, followed by a significant jump of 107% to Rs 1,250 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 837 per sq.ft. The most recent revisions in 2023 and 2024 both hold the value steady at Rs 1,250 per sq.ft, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 173%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft, with a median value of Rs 1,150 per sq.ft. Balagopalapuram Street's 2024 figure of Rs 1,250 per sq.ft is above this median.

• BalaSubramanian Street: Rs 1,250 per sq.ft (2024)
• Banglow Road: Rs 2,500 per sq.ft (2024)
• Bharathi Street: Rs 1,150 per sq.ft (2024)
• A.S.D.Puram: Rs 911 per sq.ft (2024)
• Bioscope Road (Sellam Takies Street): Rs 1,175 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 Balagopalapuram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would amount to Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total to Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balagopalapuram Street?

The Sub Registrar Office that covers Balagopalapuram 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 plays a crucial role in property transactions in Ward 5. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized valuation of the property, which is essential for the registration process.

It is important for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Understanding how the guideline value is applied can help in better financial planning during the buying or selling process.

Frequently asked questions

What is the current guideline value of Balagopalapuram Street?

The current guideline value of Balagopalapuram 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 from Rs 458 per sq.ft in 2002 to Rs 1,250 per sq.ft in 2024, reflecting an overall increase of 173% over the years.

What is the land classification for Balagopalapuram Street?

Balagopalapuram Street is classified as Mixed Special Type - III, which is relevant for understanding the zoning and usage regulations in the area.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated for properties in Balagopalapuram Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 87,500.