Guideline Value for Balathandayuthapuram (Sowripalayam)

Balathandayuthapuram (Sowripalayam) guideline value

The current guideline value of Balathandayuthapuram (Sowripalayam) is Rs 2,300 per sq.ft, effective from 1 July 2024. This area falls under Sowripalayam village and is classified as Residential Class III Type - I, with the Peelamedu SRO overseeing its registration.

How the guideline value of Balathandayuthapuram (Sowripalayam) has changed

The guideline value for Balathandayuthapuram has undergone several revisions over the years. In 2002, the guideline value was Rs 237 per sq.ft, which increased to Rs 268 per sq.ft in 2003. Following this, there was a significant rise to Rs 553 per sq.ft in 2007, and the value further increased to Rs 2,000 per sq.ft in 2012. However, in 2017, it dropped to Rs 1,340 per sq.ft before rising again to Rs 2,000 per sq.ft in 2023. The current revision in 2024 sees the guideline value at Rs 2,300 per sq.ft.

Between the revisions, the changes have been notable. From 2002 to 2024, the overall increase is +870%. The change from 2017 to 2023 was +49%, while the 2023 to 2024 revision saw an increase of +15%. In contrast, the 2012 to 2017 period experienced a decline of -33%, and the 2007 to 2012 period saw a substantial increase of +262%. The 2003 to 2007 period had an increase of +106%, and from 2002 to 2003, the change was +13%.

Guideline values in Sowripalayam

In Sowripalayam, there are 186 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value is Rs 2,300 per sq.ft, which is equal to the current guideline value of Balathandayuthapuram.

• Balakrishnan Street: Rs 2,300 per sq.ft (2024)
• Baladhandayutham Nagar: Rs 1,350 per sq.ft (2024)
• Bharathi Nagar or Colony: Rs 4,950 per sq.ft (2024)
• Ayyar Road: Rs 2,300 per sq.ft (2024)
• Ayyappa Naidu Street (Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)
• Ayyal Naidu Street: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Balathandayuthapuram (Sowripalayam)

For a 1,000 sq.ft plot at the current rate of Rs 2,300 per sq.ft, the guideline value would be Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, totaling Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balathandayuthapuram (Sowripalayam)?

The Sub Registrar Office that covers Balathandayuthapuram (Sowripalayam) is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sowripalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Balathandayuthapuram (Sowripalayam)?

The current guideline value of Balathandayuthapuram (Sowripalayam) is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 237 per sq.ft in 2002 to the current value of Rs 2,300 per sq.ft in 2024, representing an overall increase of +870%.

What is the land classification of Balathandayuthapuram?

Balathandayuthapuram is classified as Residential Class III Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty rates for property transactions in Balathandayuthapuram?

The stamp duty rate for property transactions in Balathandayuthapuram is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balathandayuthapuram?

The Peelamedu Sub Registrar Office covers Balathandayuthapuram and is located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more details by visiting the relevant link.