Guideline Value for Balasubramaniam Street

Balasubramaniam Street guideline value

The current guideline value of Balasubramaniam Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Punjaipuliampatti village, under the Punchaipuliyampatti SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Balasubramaniam Street has changed

The guideline value for Balasubramaniam Street has seen significant changes over the years. In the 2007 revision, the value was Rs 95 per sq.ft. This increased dramatically to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 953%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, which was a decrease of 33%. The value then rose again to Rs 1,000 per sq.ft in the 2023 revision, followed by a further increase to the current value of Rs 1,120 per sq.ft in the 2024 revision, representing a rise of 12%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,079%. The register has no figures for Balasubramaniam Street for the years 2002 and 2003.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 1,680 per sq.ft. The median value for these streets is Rs 780 per sq.ft, positioning Balasubramaniam Street above this median.

• Bharathidhasan Street: Rs 780 per sq.ft (2024)
• Bharathi Street: Rs 780 per sq.ft (2024)
• Awvai Street: Rs 560 per sq.ft (2024)
• Avinashi Road: Rs 335 per sq.ft (2024)
• Arijana Colony: Rs 335 per sq.ft (2024)
• Anna Street: Rs 780 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 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400. Together, the total cost for stamp duty and registration fee would be Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balasubramaniam Street?

The Sub Registrar Office that covers Balasubramaniam Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Punjaipuliampatti. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency in the transaction and helps avoid disputes regarding property valuation.

Frequently asked questions

What is the current guideline value of Balasubramaniam Street?

The current guideline value of Balasubramaniam Street is Rs 1,120 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 95 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an increase of 1,079% overall.

What are the other streets in Punjaipuliampatti and their guideline values?

Other streets in Punjaipuliampatti include Bharathidhasan Street and Bharathi Street at Rs 780 per sq.ft, Awvai Street at Rs 560 per sq.ft, and Avinashi Road and Arijana Colony at Rs 335 per sq.ft.

What is the stamp duty rate for properties in Balasubramaniam Street?

The stamp duty rate for properties in Balasubramaniam Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Balasubramaniam Street located?

The Sub Registrar Office for Balasubramaniam Street is located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.