Guideline Value for Balusamy Street (165)

Balusamy Street (165) guideline value

The current guideline value of Balusamy Street (165) is Rs 210 per sq.ft, effective from 1 July 2024. This street is located in Thadapalli Gramam village and falls under the Sathyamangalam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Balusamy Street (165) has changed

The guideline value for Balusamy Street (165) has undergone several revisions since 2002. In 2002, the guideline value was Rs 16 per sq.ft, which increased to Rs 35 per sq.ft in 2007, marking a significant rise of 119%. The value remained at Rs 150 per sq.ft in both the 2012 and 2023 revisions. However, in the 2024 revision, the guideline value saw a substantial increase to Rs 210 per sq.ft, reflecting a change of 40% from the previous year.

Notably, there are years where the register has no figure for this street, specifically 2003 and 2017. Overall, from 2002 to 2024, the guideline value has increased by 1213%.

Guideline values in Thadapalli Gramam

In Thadapalli Gramam, there are 60 streets under the Sathyamangalam SRO that carry a 2024 guideline value ranging from Rs 210 to Rs 210 per sq.ft, with the median also being Rs 210 per sq.ft. Balusamy Street (165) aligns with this median value.

• Arunachalam street (31/1): Rs 210 per sq.ft (2024)
• A.P. Palani Street (145/3): Rs 210 per sq.ft (2024)
• Appachi Street (154): Rs 210 per sq.ft (2024)
• Ammasai Street (165): Rs 210 per sq.ft (2024)
• Chinniran Street (165): Rs 210 per sq.ft (2024)
• Agriculture Depot Street (154): Rs 210 per sq.ft (2024)

Stamp duty and registration fee for property in Balusamy Street (165)

For a 1,000 sq.ft plot at the current guideline value of Rs 210 per sq.ft, the total guideline value amounts to Rs 2,10,000. The stamp duty at 7% would be Rs 14,700, and the registration fee at 2% would be Rs 4,200, bringing the total to Rs 18,900. It is important to note that the 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 Street (165)?

The Sub Registrar Office that covers Balusamy Street (165) is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process of property transactions in Thadapalli Gramam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When you buy or sell property, the guideline value helps determine the legal and financial obligations associated with the transaction. It is essential to refer to the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balusamy Street (165)?

The current guideline value of Balusamy Street (165) is Rs 210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased by 1213%, from Rs 16 per sq.ft to Rs 210 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Balusamy Street (165)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 18,900.

Which office handles property registrations for Balusamy Street (165)?

The Sathyamangalam Sub Registrar Office handles property registrations for Balusamy Street (165), located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401.

Are there any years without guideline value figures for Balusamy Street (165)?

Yes, the register has no figures for Balusamy Street (165) for the years 2003 and 2017.