Guideline Value for BALAGURU GARDEN EXTN

Balaguru Garden Extn guideline value

The current guideline value of Balaguru Garden Extn is Rs 1,670 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchicorpration village, under the Ganapathy SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Balaguru Garden Extn has changed

The guideline value for Balaguru Garden Extn has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023 and further to Rs 1,670 per sq.ft in 2024, marking an increase of 11% from 2023 to 2024 and a substantial 49% increase from 2017 to 2023. The register has no figure for this street in the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The fluctuations in the guideline value reflect changes in the local real estate landscape, with notable increases in the most recent years.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Balaguru Garden Extn above that median.

• Balagurugardens: Rs 1,670 per sq.ft (2024)
• Balaranganathapuram: Rs 1,120 per sq.ft (2024)
• Avinashi Road: Rs 5,600 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Atharsh Gardens: Rs 1,002 per sq.ft (2024)
• Bharathi Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Balaguru Garden Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,670 per sq.ft, the total guideline value amounts to Rs 16,70,000. The stamp duty at 7% would be Rs 1,16,900, and the registration fee at 2% would be Rs 33,400, making the total fees Rs 1,50,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaguru Garden Extn?

The Sub Registrar Office that covers Balaguru Garden Extn is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Villankuruchicorpration. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the registration office will assess the guideline value to calculate the necessary fees. This ensures that all transactions are conducted fairly and transparently, in accordance with the established guidelines.

Frequently asked questions

What is the current guideline value of Balaguru Garden Extn?

The current guideline value of Balaguru Garden Extn is Rs 1,670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,670 per sq.ft in 2024.

What are the other streets in Villankuruchicorpration?

Other streets in Villankuruchicorpration include Balagurugardens, Balaranganathapuram, Avinashi Road, Bharathi Nagar, Atharsh Gardens, and Bharathi Street, with varying guideline values.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

How is the stamp duty calculated in Balaguru Garden Extn?

Stamp duty in Balaguru Garden Extn is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.