Guideline Value for Balasundaram Lay-out

Balasundaram Lay-out guideline value

The current guideline value of Balasundaram Lay-out is Rs 2,240 per sq.ft, effective from 1 July 2024. This area is located in Ganapathyward11 village, under the Ganapathy SRO, and is classified as Residential Class I Type - II.

How the guideline value of Balasundaram Lay-out has changed

Over the years, the guideline value for Balasundaram Lay-out has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased to Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then rose significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,240 per sq.ft as of the 2024 revision. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a further increase of 12% from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 124%, demonstrating a significant rise in the guideline value over the years.

Guideline values in Ganapathyward11

In Ganapathyward11, there are 104 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,120 to Rs 10,080 per sq.ft. The median value for these streets is Rs 2,240 per sq.ft, which is equal to the current guideline value of Balasundaram Lay-out.

• Bharathiar Road (Womens Polytechnic toGandipuram Signal): Rs 6,720 per sq.ft (2024)
• Bagathsingh Road 1st Cross: Rs 2,240 per sq.ft (2024)
• Bagathsingh Road: Rs 3,920 per sq.ft (2024)
• BHARATHIYAR ROAD 1st Cross (C.A.G.Hotel Near): Rs 3,920 per sq.ft (2024)
• Aswath Nagar: Rs 2,240 per sq.ft (2024)
• Arundhadhiyar Street (Haripuram): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Balasundaram Lay-out

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value amounts to Rs 22,40,000. The stamp duty at 7% would be Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total to Rs 2,01,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Balasundaram Lay-out?

The Sub Registrar Office that covers Balasundaram Lay-out is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ganapathyward11

The guideline value is a crucial factor in property transactions in Ganapathyward11. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees. Buyers and sellers must consider this value when negotiating property prices.

During the registration process, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are documented accurately and transparently.

Frequently asked questions

What is the current guideline value of Balasundaram Lay-out?

The current guideline value of Balasundaram Lay-out is Rs 2,240 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 2007 to Rs 2,240 per sq.ft in 2024, reflecting an overall increase of 124% over the years.

What is the land classification of Balasundaram Lay-out?

Balasundaram Lay-out is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Balasundaram Lay-out?

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 1,56,800.