Guideline Value for Balasubramaniya Nagar

Balasubramaniya Nagar guideline value

The current guideline value of Balasubramaniya Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under Ward 10 village, within the Peelamedu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balasubramaniya Nagar has changed

The guideline value for Balasubramaniya Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 570 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 111%. However, the value then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. Following this, the 2023 revision raised it to Rs 1,200 per sq.ft, and the latest 2024 revision further increased it to Rs 1,320 per sq.ft, reflecting a 10% increase.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 132%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Balasubramaniya Nagar's 2024 figure is below this median.

• Balasundaram Road: Rs 4,950 per sq.ft (2024)
• Balaji Nagar (or) Road: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Bazar Street: Rs 2,200 per sq.ft (2024)
• Bajhanai Kovil Street: Rs 2,200 per sq.ft (2024)
• Bharathipuram Huts: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Balasubramaniya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. 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 precise calculations.

Which Sub Registrar Office covers Balasubramaniya Nagar?

The Sub Registrar Office that covers Balasubramaniya Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, within 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 10

The guideline value is a critical factor in the registration process when buying or selling property in Ward 10. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balasubramaniya Nagar?

The current guideline value of Balasubramaniya Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 132% over the years.

What are the other streets in Ward 10 and their guideline values?

Other streets in Ward 10 include Balasundaram Road at Rs 4,950 per sq.ft, Balaji Nagar (or) Road at Rs 2,200 per sq.ft, and Bharathipuram Huts at Rs 1,320 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Balasubramaniya Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would be Rs 1,18,800.

Which office handles registrations for Balasubramaniya Nagar?

The Peelamedu Sub Registrar Office handles registrations for Balasubramaniya Nagar, located at 6/1, Grd Road, Redfields, Coimbatore - 18.