Guideline Value for Balasundaram Chettiar Road Main

Balasundaram Chettiar Road Main guideline value

The current guideline value of Balasundaram Chettiar Road Main is Rs 7,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Balasundaram Chettiar Road Main has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,460 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, but then decreased to Rs 4,690 per sq.ft in 2017. The 2023 revision saw a rise to Rs 7,000 per sq.ft, followed by the current figure of Rs 7,900 per sq.ft in 2024.

In terms of percentage changes, the value increased by 185% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 13% increase. Overall, from 2007 to 2024, the guideline value has increased by 221%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, placing Balasundaram Chettiar Road Main's 2024 figure above this median.

• Bajanai Kovil Lane: Rs 1,700 per sq.ft (2024)
• Bharathidasan Nagar Lane: Rs 2,100 per sq.ft (2024)
• Avinashi Road Main: Rs 7,900 per sq.ft (2024)
• A.T.T Colony II: Rs 4,400 per sq.ft (2024)
• A.T.T Colony I: Rs 4,400 per sq.ft (2024)
• A.T Devarajalu Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Balasundaram Chettiar Road Main

For a 1,000 sq.ft plot at the current guideline value of Rs 7,900 per sq.ft, the total guideline value amounts to Rs 79,00,000. The stamp duty at 7% would be Rs 5,53,000, while the registration fee at 2% would be Rs 1,58,000, bringing the total charges to Rs 7,11,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Balasundaram Chettiar Road Main?

The Sub Registrar Office that covers Balasundaram Chettiar Road Main is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-1

The guideline value is a crucial factor in the registration process when buying or selling property in Ward-1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two 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 Balasundaram Chettiar Road Main?

The current guideline value of Balasundaram Chettiar Road Main is Rs 7,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 2,460 per sq.ft in 2007 to Rs 7,900 per sq.ft in 2024, reflecting an overall increase of 221% over this period.

What is the land classification for Balasundaram Chettiar Road Main?

Balasundaram Chettiar Road Main is classified as Commercial Special Type - I, which indicates its intended use for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Balasundaram Chettiar Road Main is located at the District Registrar Office on Syryan Church Road, Coimbatore -641001.

How is 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, if the guideline value is Rs 79,00,000, the stamp duty would be calculated on this amount.