Guideline Value for Balasundaram Road Main

Balasundaram Road Main guideline value

The current guideline value of Balasundaram Road Main 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, classified as Commercial Special Type - II.

How the guideline value of Balasundaram Road Main has changed

The guideline value for Balasundaram Road Main has seen several revisions over the years. In 2007, the value was Rs 2,805 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it then decreased to Rs 4,690 per sq.ft in 2017. The value rose again to Rs 7,000 per sq.ft in 2023, and finally, it is set at Rs 7,900 per sq.ft from the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 182%. The changes between the revisions include a 150% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 13% increase from 2023 to 2024. 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 with a 2024 guideline value ranging from Rs 1,550 to Rs 10,000 per sq.ft. The median value in this area is Rs 4,200 per sq.ft, making the current value of Balasundaram Road Main above that median.

• Balasundaram Road Lane: 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 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, and the registration fee at 2% would be Rs 1,58,000, resulting in a total of Rs 7,11,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balasundaram Road Main?

The Sub Registrar Office that covers Balasundaram Road Main is the Coimbatore North Joint 1 Sub Registrar Office, located at 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-9

The guideline value is a critical factor during the registration of property transactions in Ward-9. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balasundaram Road Main?

The current guideline value of Balasundaram 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 changed from Rs 2,805 per sq.ft in 2007 to Rs 7,900 per sq.ft in 2024, reflecting an overall increase of 182% over the years.

What is the land classification of Balasundaram Road Main?

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

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Balasundaram Road Main?

The registration for Balasundaram Road Main is handled by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.