Guideline Value for Balu Nayakar Layout

Balu Nayakar Layout guideline value

The current guideline value of Balu Nayakar Layout is Rs 1,001 per sq.ft, effective from 1 July 2024. This layout is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class II Type - I.

How the guideline value of Balu Nayakar Layout has changed

The guideline value for Balu Nayakar Layout has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 230 per sq.ft, which increased significantly to Rs 875 per sq.ft in 2012. However, it saw a decrease to Rs 586 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft from the 2024 revision.

Between the 2017 and 2023 revisions, the guideline value increased by 71%. The jump from 2007 to 2012 was a notable increase of 280%, while the overall change from 2007 to 2024 reflects a substantial rise of 335%. The register has no figures for the years 2002 and 2003 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 Balu Nayakar Layout's current value below the median.

• Balu Naidu thottam: 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 Nayakar Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling 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 to estimate your costs.

Which Sub Registrar Office covers Balu Nayakar Layout?

The Sub Registrar Office that covers Balu Nayakar Layout 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 in the registration process of property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded fairly and transparently.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Balu Nayakar Layout?

The current guideline value of Balu Nayakar Layout 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 230 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 335% over the years.

What is the median guideline value in Uppilipalayam?

The median guideline value for the 361 streets in Uppilipalayam is Rs 1,232 per sq.ft, which is higher than the current value of Balu Nayakar Layout.

What are the stamp duty and registration fees for properties in this layout?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which office handles property registrations for Balu Nayakar Layout?

The Singanallur Sub Registrar Office handles property registrations for Balu Nayakar Layout, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.