Guideline Value for Balasubramaniya Nagar

Balasubramaniya Nagar guideline value

The current guideline value of Balasubramaniya Nagar is Rs 1,019 per sq.ft, effective from 1 July 2024. This area is located in Thudiyalur village and falls under the Periyanayakkan Palayam SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Balasubramaniya Nagar has changed

The guideline value of Balasubramaniya Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 140 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The value rose sharply to Rs 1,000 per sq.ft in 2023 and has now reached Rs 1,019 per sq.ft in the 2024 revision, marking a 2% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 628%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value is Rs 1,019 per sq.ft, which is equal to the current figure for Balasubramaniya Nagar.

• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Appanaickenpalayam): Rs 1,020 per sq.ft (2024)
• Balaji Nagar: Rs 1,020 per sq.ft (2024)
• Balaji Garden Extension: Rs 1,020 per sq.ft (2024)
• Balaji Garden: Rs 1,020 per sq.ft (2024)
• Best People Colony: Rs 1,009 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 1,019 per sq.ft, the total guideline value would be Rs 10,19,000. The stamp duty at 7% would amount to Rs 71,330, while the registration fee at 2% would be Rs 20,380, bringing the total to Rs 91,710. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balasubramaniya Nagar?

The Balasubramaniya Nagar area is covered by the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Thudiyalur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and complies with the regulations set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the property transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Balasubramaniya Nagar?

The current guideline value of Balasubramaniya Nagar is Rs 1,019 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 140 per sq.ft in 2007 to Rs 1,019 per sq.ft in 2024, marking a total increase of 628% over the period.

What is the land classification of Balasubramaniya Nagar?

Balasubramaniya Nagar is classified as Residential Class I Type - II.

Where can I find the registration office for Balasubramaniya Nagar?

The registration office for Balasubramaniya Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 71,330.