Guideline Value for Balasundaram Road Lane

Balasundaram Road Lane guideline value

The current guideline value of Balasundaram Road Lane is Rs 7,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-9 village, under the Coimbatore North Joint 1 SRO, and is classified as Commercial Special Type - II.

How the guideline value of Balasundaram Road Lane has changed

The guideline value for Balasundaram Road Lane has undergone several revisions over the years. The earliest recorded value in 2007 was Rs 1,200 per sq.ft, which saw a significant increase to Rs 7,000 per sq.ft in 2012. However, this value dropped to Rs 4,690 per sq.ft in 2017. The 2023 revision set the value at Rs 7,000 per sq.ft, which was then increased to Rs 7,900 per sq.ft in 2024, marking a 13% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 558%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-9

In Ward-9, there are 73 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 10,000 per sq.ft. The median value is Rs 4,200 per sq.ft, placing Balasundaram Road Lane's 2024 figure above this median.

• Balasundaram Road Main: Rs 7,900 per sq.ft (2024)
• Bharathi Road Main: Rs 3,100 per sq.ft (2024)
• A.T.T Colony I Main: Rs 4,600 per sq.ft (2024)
• A.T.T Colony II Main: Rs 4,600 per sq.ft (2024)
• Ansari Street Main: Rs 4,200 per sq.ft (2024)
• Ansari Street Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Balasundaram Road Lane

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, and the registration fee at 2% would be Rs 1,58,000, bringing the total fees to Rs 7,11,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Balasundaram Road Lane?

The Sub Registrar Office that covers Balasundaram Road Lane is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-9

The guideline value is a crucial factor during property registration in Ward-9. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in assessing the fair value of the property and is used to calculate the applicable fees during the registration process.

Frequently asked questions

What is the current guideline value of Balasundaram Road Lane?

The current guideline value of Balasundaram Road Lane 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 changed from Rs 1,200 per sq.ft in 2007 to Rs 7,900 per sq.ft in 2024, reflecting an overall increase of 558% over the years.

What is the land classification for Balasundaram Road Lane?

Balasundaram Road Lane is classified as Commercial Special Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 7,11,000.

Where is the Sub Registrar Office for Balasundaram Road Lane located?

The Coimbatore North Joint 1 Sub Registrar Office is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.