Guideline Value for Balasubramaniya Nagar

Balasubramaniya Nagar guideline value

The current guideline value of Balasubramaniya Nagar is Rs 1,680 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village, under the jurisdiction of the Singanallur SRO. The land classification for this property is Residential Special Type - III.

How the guideline value of Balasubramaniya Nagar has changed

The guideline value for Balasubramaniya Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,680 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, marking a change of +12%. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, but this was a decrease of -33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by +12%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value in this area is Rs 1,232 per sq.ft, placing Balasubramaniya Nagar's 2024 figure above this median.

• Balasundaram Layout: Rs 1,680 per sq.ft (2024)
• Balasubramaniya mills: Rs 1,120 per sq.ft (2024)
• Balan Nagar: Rs 1,232 per sq.ft (2024)
• Balasundram Street: Rs 2,016 per sq.ft (2024)
• Balu Naidu thottam: Rs 1,001 per sq.ft (2024)
• Balu Nayakar Layout: Rs 1,001 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 1,680 per sq.ft, the total guideline value would be Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total fees together to Rs 1,51,200. It is essential 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 Balasubramaniya Nagar?

The Sub Registrar Office that covers Balasubramaniya Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Uppilipalayam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office will assess the guideline value to calculate the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. 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 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,680 per sq.ft in 2024, and from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Uppilipalayam?

The median guideline value in Uppilipalayam is Rs 1,232 per sq.ft, with Balasubramaniya Nagar's 2024 figure being above this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 16,80,000. The stamp duty is Rs 1,17,600, and the registration fee is Rs 33,600, totaling Rs 1,51,200.

Where can I find the Sub Registrar Office for Balasubramaniya Nagar?

The Sub Registrar Office for Balasubramaniya Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.