Guideline Value for Balusamy naidu layout

Balusamy naidu layout guideline value

The current guideline value for Balusamy Naidu Layout is Rs 1,001 per sq.ft, effective from 1 July 2024. This layout is located in Uppilipalayam village, under the jurisdiction of the Singanallur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Balusamy naidu layout has changed

The guideline value for Balusamy Naidu Layout has seen several revisions over the years. In 2007, the guideline value was Rs 230 per sq.ft, which increased significantly to Rs 875 per sq.ft in 2012. However, this value dropped to Rs 586 per sq.ft in 2017. The most recent revisions show a slight increase to Rs 1,000 per sq.ft in 2023, followed by a marginal rise to Rs 1,001 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 335%. The changes between the revisions indicate a 71% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and a significant increase of 280% from 2007 to 2012.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft, with a median value of Rs 1,232 per sq.ft. The guideline value for Balusamy Naidu Layout is below this median.

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

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 cost for these 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 Balusamy naidu layout?

The Sub Registrar Office that covers Balusamy Naidu 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 is a crucial factor in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the minimum price at which property transactions can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction reflects the fair value of the property, thereby aiding in the assessment of taxes and fees. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Balusamy Naidu Layout?

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

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, from Rs 230 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, marking an overall increase of 335%.

What is the role of the Singanallur SRO?

The Singanallur SRO is responsible for property registrations in the area, including Balusamy Naidu Layout. It ensures that all property transactions comply with local regulations.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a property valued at Rs 10,01,000 would incur a total of Rs 90,090 in fees.

Where can I find more information about guideline values?

More information about guideline values can be found in the Registration Department's guideline value register (TNReginet) or through the local Sub Registrar Office.