Guideline Value for Balakrishna Layout

Balakrishna Layout guideline value

The current guideline value of Balakrishna Layout is Rs 420 per sq.ft, effective from 1 July 2024. This area falls under Ward 4 village and is classified as Residential Class IV Type - II, governed by the Pollachi Sub Registrar Office (SRO).

How the guideline value of Balakrishna Layout has changed

Over the years, the guideline value of Balakrishna Layout has seen several revisions. The earliest recorded figure in 2003 was Rs 124 per sq.ft, which increased to Rs 285 per sq.ft in 2007. Following this, the value rose to Rs 420 per sq.ft in 2012, but then dropped to Rs 281 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both maintain the value at Rs 420 per sq.ft, indicating no change from 2023 to 2024. The register has no figure for this street for the year 2002.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. The value jumped by 47% from 2007 to 2012, and a notable increase of 130% occurred from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 239%.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that have a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 675 per sq.ft. The guideline value of Balakrishna Layout is below this median.

• Bangalow Road: Rs 2,500 per sq.ft (2024)
• Azakapuri Road: Rs 420 per sq.ft (2024)
• Azakappa Colony: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 per sq.ft (2024)
• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azagammal Layout: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Balakrishna Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value amounts to Rs 4,20,000. The stamp duty, charged at 7%, would be Rs 29,400, and the registration fee, charged at 2%, would be Rs 8,400. Therefore, the total cost for stamp duty and registration would be Rs 37,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balakrishna Layout?

The Balakrishna Layout falls under the jurisdiction of the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ward 4, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Balakrishna Layout?

The current guideline value of Balakrishna Layout is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 124 per sq.ft in 2003 to Rs 420 per sq.ft in 2012, then decreasing to Rs 281 per sq.ft in 2017, and remaining at Rs 420 per sq.ft in 2023 and 2024.

What is the median guideline value in Ward 4?

The median guideline value in Ward 4 is Rs 675 per sq.ft, while Balakrishna Layout's guideline value is below this median.

What are the stamp duty and registration fees for properties in Balakrishna Layout?

For a property valued at Rs 4,20,000, the stamp duty would be Rs 29,400 and the registration fee would be Rs 8,400, totaling Rs 37,800 for a 1,000 sq.ft plot.

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, in the Coimbatore registration zone.