Guideline Value for Balasubramaniya mills

Balasubramaniya mills guideline value

The current guideline value of Balasubramaniya mills is Rs 1,120 per sq.ft, effective from 1 July 2024. This property is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class I Type - III.

How the guideline value of Balasubramaniya mills has changed

The guideline value for Balasubramaniya mills has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and most recently, it has been revised to Rs 1,120 per sq.ft in 2024. Notably, the register has no figure for this street in 2002, 2003, and 2007.

Between the revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The 2023 to 2024 revision reflects a 12% increase. 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 a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, placing Balasubramaniya mills below this median.

• Balasubramaniya Nagar: Rs 1,680 per sq.ft (2024)
• Balasundaram Layout: Rs 1,680 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 mills

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees to 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.

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

Which Sub Registrar Office covers Balasubramaniya mills?

The Sub Registrar Office that covers Balasubramaniya mills is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your SRO, visit find your SRO.

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

When buying or selling property in Uppilipalayam, the guideline value is a crucial factor in determining the stamp duty and registration fees. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

Buyers and sellers should be aware that the guideline value can vary significantly between different streets and areas. It is advisable to check the latest figures to ensure compliance with registration requirements and to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Balasubramaniya mills?

The current guideline value of Balasubramaniya mills 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 from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Balasubramaniya mills?

Balasubramaniya mills is classified as Residential Class I Type - III.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 11,20,000, with stamp duty at Rs 78,400 and registration fees at Rs 22,400, totaling Rs 1,00,800.

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

The Singanallur Sub Registrar Office covers Balasubramaniya mills, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.