Guideline Value for Balagurunadha Jothidar Street

Balagurunadha Jothidar Street guideline value

The current guideline value of Balagurunadha Jothidar Street is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village under the Sulur SRO, classified as Commercial Class I Type - II.

How the guideline value of Balagurunadha Jothidar Street has changed

The guideline value for Balagurunadha Jothidar Street has undergone several revisions over the years. The earliest available figure is from 2007, where the value was Rs 150 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, but then saw a decrease to Rs 469 per sq.ft in 2017. The value rose again to Rs 700 per sq.ft in 2023, and most recently, it has been revised to Rs 784 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 423%. Notably, the revision register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median guideline value is Rs 784 per sq.ft, which is equal to the 2024 figure for Balagurunadha Jothidar Street.

• Ayyavu Udayar Lane: Rs 560 per sq.ft (2024)
• Ayyavu Thevar Sandhu: Rs 784 per sq.ft (2024)
• Bank Karuppanath thevar Nagar First street: Rs 784 per sq.ft (2024)
• Bank Karuppannath thevar Street: Rs 784 per sq.ft (2024)
• Bharathi Nagar: Rs 784 per sq.ft (2024)
• Attali Veerappathevar Nagar: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Balagurunadha Jothidar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value would be Rs 7,84,000. The stamp duty at 7% would be Rs 54,880, and the registration fee at 2% would be Rs 15,680, bringing the total cost for these fees to Rs 70,560. 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 detailed calculations.

Which Sub Registrar Office covers Balagurunadha Jothidar Street?

The Sub Registrar Office that covers Balagurunadha Jothidar Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sulur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This prevents under-reporting of property values and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balagurunadha Jothidar Street?

The current guideline value of Balagurunadha Jothidar Street is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty rate for property transactions in Sulur?

The stamp duty rate for property transactions in Sulur is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balagurunadha Jothidar Street?

The Sub Registrar Office for Balagurunadha Jothidar Street is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the median guideline value for streets in Sulur?

The median guideline value for streets in Sulur is Rs 784 per sq.ft, which is the same as the current guideline value for Balagurunadha Jothidar Street.