Guideline Value for Balasubramaniam Street

Balasubramaniam Street guideline value

The current guideline value of Balasubramaniam Street is Rs 2,240 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Special Type - III.

How the guideline value of Balasubramaniam Street has changed

The guideline value for Balasubramaniam Street has undergone several revisions over the years. In 2007, the guideline value was Rs 900 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 122%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,240 per sq.ft, a 12% increase from the previous year.

It is important to note that there are no figures available for Balasubramaniam Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 149%.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft, with a median value of Rs 1,120 per sq.ft. Balasubramaniam Street's 2024 guideline value is above this median.

• Balusamy Nagar: Rs 1,100 per sq.ft (2024)
• Bango Street: Rs 1,120 per sq.ft (2024)
• Bhaktavatsalam Street: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Ayyavu Street: Rs 1,100 per sq.ft (2024)
• Bharathi Park Road 1: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Balasubramaniam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value would be Rs 22,40,000. The stamp duty at 7% would amount to Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total fees together to Rs 2,01,600. It is important to note that the 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 Balasubramaniam Street?

The Sub Registrar Office that covers Balasubramaniam Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sanganur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Balasubramaniam Street?

The current guideline value of Balasubramaniam Street is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, reflecting an overall increase of 149% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 2,01,600.

Which office handles property registrations for Balasubramaniam Street?

The Gandhipuram Sub Registrar Office handles property registrations for Balasubramaniam Street, located at Kalapatti Road, near Saravanampatti Police Station.

What is the land classification for Balasubramaniam Street?

Balasubramaniam Street is classified as Residential Special Type - III under the current guidelines.