Guideline Value for Balamanikam Cheeti Street

Balamanikam Cheeti Street guideline value

The current guideline value of Balamanikam Cheeti Street is Rs 911 per sq.ft, effective from 1 July 2024. This street is located in Ward 3 village under the Pollachi SRO, classified as Residential Special Type - IV.

How the guideline value of Balamanikam Cheeti Street has changed

The guideline value for Balamanikam Cheeti Street has seen several revisions over the years. In 2002, the value was Rs 539 per sq.ft, which increased to Rs 593 per sq.ft in 2003, marking a change of +10%. The value continued to rise, reaching Rs 745 per sq.ft in 2007 (+26%), and then to Rs 910 per sq.ft in 2012 (+22%). However, there was a significant drop to Rs 610 per sq.ft in 2017, resulting in a decrease of -33%. The value then rebounded to Rs 911 per sq.ft in 2023, with no change, and remains at Rs 911 per sq.ft in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by +69%. Notably, there are no figures available for the revisions between 2012 and 2017 or any other years for this street.

Guideline values in Ward 3

In Ward 3, there are 46 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 883 per sq.ft, placing Balamanikam Cheeti Street's 2024 figure above that median.

• Banglow Road: Rs 1,850 per sq.ft (2024)
• Arumugham Street: Rs 911 per sq.ft (2024)
• Arokiyanathapillai Street: Rs 2,000 per sq.ft (2024)
• Antigounder Street (Karikal Cholan street): Rs 2,500 per sq.ft (2024)
• Anna Colony: Rs 350 per sq.ft (2024)
• ABT Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Balamanikam Cheeti Street

For a 1,000 sq.ft plot at the current guideline value of Rs 911 per sq.ft, the total guideline value would be Rs 9,11,000. The stamp duty at 7% would amount to Rs 63,770, and the registration fee at 2% would be Rs 18,220, bringing the total cost for these fees to Rs 81,990. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your property.

Which Sub Registrar Office covers Balamanikam Cheeti Street?

The Sub Registrar Office that covers Balamanikam Cheeti 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 more information.

How the guideline value is used when you buy or sell in Ward 3

The guideline value is a crucial factor during the registration of property transactions in Ward 3. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost involved in the transaction. Buyers should ensure that they are prepared for these costs, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Balamanikam Cheeti Street?

The current guideline value of Balamanikam Cheeti Street is Rs 911 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 539 in 2002 to Rs 911 in 2024, reflecting an overall increase of +69% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 81,990.

Which office handles the registration of properties in Balamanikam Cheeti Street?

The Pollachi Sub Registrar Office handles the registration of properties in Balamanikam Cheeti Street, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification for Balamanikam Cheeti Street?

Balamanikam Cheeti Street is classified as Residential Special Type - IV under the Pollachi SRO.