Guideline Value for Balusamy Nagar

Balusamy Nagar guideline value

The current guideline value of Balusamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balusamy Nagar has changed

The guideline value for Balusamy Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, between 2012 and 2017, there was a decrease to Rs 536 per sq.ft, reflecting a decline of 33%. By 2023, the guideline value rose to Rs 1,000 per sq.ft, and the latest revision in 2024 has seen it increase further to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft, with a median value of Rs 1,120 per sq.ft. Balusamy Nagar's current value is below this median.

• Bango Street: Rs 1,120 per sq.ft (2024)
• Balasubramaniam Street: Rs 2,240 per sq.ft (2024)
• Bhaktavatsalam Street: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Park Road 1: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road 2: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Balusamy Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balusamy Nagar?

The Sub Registrar Office that covers Balusamy Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sanganur. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value helps buyers and sellers make informed decisions during property transactions. It ensures that all parties comply with legal requirements and pay the appropriate fees during the registration process.

Frequently asked questions

What is the current guideline value of Balusamy Nagar?

The current guideline value of Balusamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates for properties in Balusamy Nagar?

The stamp duty for properties in Balusamy Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Balusamy Nagar located?

The Sub Registrar Office for Balusamy Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the median guideline value for streets in Sanganur?

The median guideline value for streets in Sanganur is Rs 1,120 per sq.ft as of the 2024 revision.