Guideline Value for BALA GANESHAPURAM

Bala Ganeshapuram guideline value

The current guideline value of Bala Ganeshapuram is Rs 1,012 per sq.ft, effective from 1 July 2024. This area is located in Veerakeralam village under the Thondamuthur SRO, classified as Residential Class II Type - III.

How the guideline value of Bala Ganeshapuram has changed

The guideline value for Bala Ganeshapuram has seen significant changes over the years. In 2003, the guideline value was Rs 46 per sq.ft, which increased to Rs 100 per sq.ft in 2007. Following that, the value rose to Rs 450 per sq.ft in 2012, but then saw a decrease to Rs 301 per sq.ft in 2017. The value rebounded to Rs 1,000 per sq.ft in 2023 and has now reached Rs 1,012 per sq.ft in the 2024 revision, marking a 1% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2100%. The register has no figure for this street in 2002. The jump from Rs 301 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023 represents a remarkable increase of 232%.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO with a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median guideline value in the village is Rs 1,014 per sq.ft, placing Bala Ganeshapuram's 2024 figure slightly below that median.

• Baby Gardens: Rs 1,012 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Nager: Rs 1,100 per sq.ft (2024)
• Arunthathiar St: Rs 1,019 per sq.ft (2024)
• Bhoopathy Raja Nagar: Rs 1,014 per sq.ft (2024)
• Arokkiya Matha Nager: Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Ganeshapuram

For a 1,000 sq.ft plot at the current rate of Rs 1,012 per sq.ft, the guideline value amounts to Rs 10,12,000. The stamp duty at 7% would be Rs 70,840, while the registration fee at 2% would be Rs 20,240, totaling Rs 91,080. 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 further calculations.

Which Sub Registrar Office covers Bala Ganeshapuram?

The Sub Registrar Office that covers Bala Ganeshapuram is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Veerakeralam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in assessing the appropriate fees and taxes that need to be paid. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact overall costs.

Frequently asked questions

What is the current guideline value of Bala Ganeshapuram?

The current guideline value of Bala Ganeshapuram is Rs 1,012 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 46 per sq.ft in 2003 to Rs 1,012 per sq.ft in 2024, reflecting an overall increase of 2100% over this period.

What is the median guideline value in Veerakeralam?

The median guideline value in Veerakeralam is Rs 1,014 per sq.ft, with Bala Ganeshapuram's current value being slightly below this median.

What are the stamp duty and registration fees for property in Bala Ganeshapuram?

For a property valued at Rs 10,12,000, the stamp duty would be Rs 70,840 and the registration fee would be Rs 20,240, totaling Rs 91,080.

Which office should I visit for property registration in Bala Ganeshapuram?

The Thondamuthur Sub Registrar Office is responsible for property registration in Bala Ganeshapuram, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Coimbatore.