Guideline Value for BALAGURUGARDENS

Balagurugardens guideline value

The current guideline value of Balagurugardens is Rs 1,670 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchicorpration village under the Ganapathy SRO, classified as Residential Class I Type - I.

How the guideline value of Balagurugardens has changed

Over the years, the guideline value of Balagurugardens has seen significant changes. The earliest recorded figure is from 2007, where the value was Rs 125 per sq.ft. This increased dramatically to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 1,100%. However, in 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The value then climbed to Rs 1,500 per sq.ft in 2023, before reaching the current figure of Rs 1,670 per sq.ft in 2024, which is an increase of 11% from the previous year.

There are no registered figures for Balagurugardens in 2002 and 2003. From 2017 to 2023, the guideline value rose by 49%, leading to the current value of Rs 1,670 per sq.ft in 2024. Overall, from 2007 to 2024, the guideline value has increased by 1,236%.

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 Balagurugardens above this median.

• Balaguru Garden Extn: 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 Balagurugardens

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

Which Sub Registrar Office covers Balagurugardens?

The Sub Registrar Office that covers Balagurugardens is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Villankuruchicorpration. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the seller must ensure that the sale price is at least equal to the guideline value to avoid penalties. Additionally, the registration office will assess the property based on the guideline value to determine the applicable fees, ensuring a transparent and regulated transaction.

Frequently asked questions

What is the current guideline value of Balagurugardens?

The current guideline value of Balagurugardens 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 significantly from Rs 125 per sq.ft in 2007 to Rs 1,670 per sq.ft in 2024, reflecting an overall increase of 1,236%.

What is the median guideline value in Villankuruchicorpration?

The median guideline value in Villankuruchicorpration is Rs 1,003 per sq.ft, with Balagurugardens being above this median at Rs 1,670 per sq.ft.

What are the stamp duty and registration fees for Balagurugardens?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,70,000, resulting in a stamp duty of Rs 1,16,900 and a registration fee of Rs 33,400, totaling Rs 1,50,300.

Where is the Sub Registrar Office for Balagurugardens located?

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