Guideline Value for Balasundram Street

Balasundram Street guideline value

The current guideline value of Balasundram Street is Rs 2,016 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Special Type - II.

How the guideline value of Balasundram Street has changed

The guideline value for Balasundram Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from Rs 1,206 per sq.ft in 2017. The value remained at Rs 1,800 per sq.ft until the 2023 revision, which increased it to Rs 1,800 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 2,016 per sq.ft, reflecting a 12% increase from the previous year.

In summary, the guideline value has increased from Rs 1,800 per sq.ft in 2012 to Rs 2,016 per sq.ft in 2024, marking an overall increase of 12% over this period. Notably, there are no recorded figures for the years 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 for these streets is Rs 1,232 per sq.ft, placing Balasundram Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,016 per sq.ft, the total guideline value would be Rs 20,16,000. The stamp duty at 7% would amount to Rs 1,41,120, while the registration fee at 2% would be Rs 40,320. Together, the total charges would be Rs 1,81,440. 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 further calculations.

Which Sub Registrar Office covers Balasundram Street?

The Sub Registrar Office that covers Balasundram Street 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 a critical factor in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value helps in establishing the minimum value for which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Balasundram Street?

The current guideline value of Balasundram Street is Rs 2,016 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 2,016 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for property in Balasundram Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total charges would be Rs 1,81,440.

Which Sub Registrar Office covers Balasundram Street?

The Singanallur Sub Registrar Office covers Balasundram Street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Balasundram Street?

Balasundram Street is classified as Residential Special Type - II, indicating its designation for residential purposes within the locality.