Guideline Value for Balasundaram Road

Balasundaram Road guideline value

The current guideline value of Balasundaram Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Ward 10 village under the Peelamedu SRO and is classified as Commercial Class I Type - I.

How the guideline value of Balasundaram Road has changed

Over the years, the guideline value of Balasundaram Road has undergone several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 1,500 per sq.ft. This figure saw a significant increase to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, followed by another increase to Rs 4,950 per sq.ft in 2024, representing a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median guideline value for this ward is Rs 2,200 per sq.ft, indicating that Balasundaram Road's 2024 figure is above this median.

• Balasubramaniya Nagar: Rs 1,320 per sq.ft (2024)
• Balaji Nagar (or) Road: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Bazar Street: Rs 2,200 per sq.ft (2024)
• Bajhanai Kovil Street: Rs 2,200 per sq.ft (2024)
• Bharathipuram Huts: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Balasundaram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty, calculated at 7%, would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, bringing the total fees together to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balasundaram Road?

The Sub Registrar Office that covers Balasundaram Road is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor when registering property transactions in Ward 10. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected value of the property. It is essential to consider this value during negotiations and when finalizing the sale price.

Frequently asked questions

What is the current guideline value of Balasundaram Road?

The current guideline value of Balasundaram Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,500 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, with various fluctuations in between.

What is the land classification of Balasundaram Road?

Balasundaram Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

The Peelamedu Sub Registrar Office covers Balasundaram Road and is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is stamp duty calculated for properties in Balasundaram Road?

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