Guideline Value for Balu Naidu thottam

Balu Naidu thottam guideline value

The current guideline value for Balu Naidu thottam is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balu Naidu thottam has changed

The guideline value for Balu Naidu thottam has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 875 per sq.ft. This was followed by a decrease to Rs 586 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 71%. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for the village is Rs 1,232 per sq.ft, placing Balu Naidu thottam's 2024 figure below this median.

• Balu Nayakar Layout: Rs 1,001 per sq.ft (2024)
• Balusamy naidu layout: Rs 1,001 per sq.ft (2024)
• Balasundram Street: Rs 2,016 per sq.ft (2024)
• Bangaru layout: Rs 1,120 per sq.ft (2024)
• Balasundaram Layout: Rs 1,680 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Naidu thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total fees to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balu Naidu thottam?

The Sub Registrar Office that covers Balu Naidu thottam 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 plays a crucial role during the registration of property transactions in Uppilipalayam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Buyers and sellers should be aware that the guideline value is set by the government and can change periodically. It is essential to check the latest figures and understand how they will impact the overall costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Balu Naidu thottam?

The current guideline value of Balu Naidu thottam is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 875 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with significant changes occurring in 2017 and 2023.

What is the median guideline value in Uppilipalayam?

The median guideline value in Uppilipalayam is Rs 1,232 per sq.ft, which is higher than the current value of Balu Naidu thottam.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Balu Naidu thottam is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balu Naidu thottam?

The Sub Registrar Office for Balu Naidu thottam is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.