Guideline Value for BALAJI GARDENS

Balaji Gardens guideline value

The current guideline value of Balaji Gardens, located in Idikarai village, under the Periyanayakkan Palayam SRO, is Rs 400 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - III.

How the guideline value of Balaji Gardens has changed

The guideline value for Balaji Gardens has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 400 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Idikarai

Currently, there are no specific village figures provided for Idikarai. Balaji Gardens is classified under the Periyanayakkan Palayam SRO, which manages the guideline values for this area.

Stamp duty and registration fee for property in Balaji Gardens

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Gardens?

The Balaji Gardens area falls under the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a critical role in the registration process when buying or selling property in Idikarai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that all transactions are fairly assessed and that the government collects necessary taxes on property transfers.

Frequently asked questions

What is the current guideline value of Balaji Gardens?

The current guideline value of Balaji Gardens is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased back to Rs 400 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What are the stamp duty and registration fees for a property in Balaji Gardens?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. This is calculated based on the guideline value.

Which office handles property registrations in Balaji Gardens?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Balaji Gardens. The office is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

Are there other streets in Idikarai with guideline values?

No specific figures for other streets in Idikarai are provided. Balaji Gardens is the only street mentioned under the Periyanayakkan Palayam SRO.