Guideline Value for Balasundaram Layout

Balasundaram Layout guideline value

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

How the guideline value of Balasundaram Layout has changed

The guideline value for Balasundaram Layout has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the 2023 revision brought the value back up to Rs 1,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 1,680 per sq.ft, marking a 12% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 Balasundaram Layout's 2024 figure above this median.

• Balasubramaniya Nagar: Rs 1,680 per sq.ft (2024)
• Balasubramaniya mills: Rs 1,120 per sq.ft (2024)
• Balasundram Street: Rs 2,016 per sq.ft (2024)
• Balan Nagar: Rs 1,232 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 Balasundaram Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to 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, resulting in a total of Rs 1,51,200. Please 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 Balasundaram Layout?

The Sub Registrar Office that covers Balasundaram Layout is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, 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 an essential factor in property transactions in Uppilipalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

It is important to note that the guideline value may not always reflect the actual sale price of a property. However, the registration process will always require that the duty is charged on the higher of the guideline value or the sale price, whichever is applicable.

Frequently asked questions

What is the current guideline value of Balasundaram Layout?

The current guideline value of Balasundaram Layout 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 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,680 per sq.ft in 2024.

What is the land classification for Balasundaram Layout?

Balasundaram Layout is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Balasundaram Layout?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the stamp duty calculated for property in Balasundaram Layout?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.