Guideline Value for BALAJI GARDENS

Balaji Gardens guideline value

The current guideline value of Balaji Gardens is Rs 280 per sq.ft, effective from 1 July 2024. This area is located in Thetthipalayam village, under the Thondamuthur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Gardens has changed

The guideline value for Balaji Gardens has undergone several revisions over the years. The 2007 revision set the value at Rs 70 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it then saw a decrease to Rs 167 per sq.ft in 2017. The value rebounded to Rs 250 per sq.ft in 2023, and most recently, it has risen to Rs 280 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 300%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Thetthipalayam

In Thetthipalayam, there are 29 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 280 per sq.ft, which is the same as the guideline value for Balaji Gardens.

• BAHRTHIAR St: Rs 500 per sq.ft (2024)
• Arumuga Avenue: Rs 200 per sq.ft (2024)
• Arul Nagar: Rs 280 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 200 per sq.ft (2024)
• A K C Avenue: Rs 200 per sq.ft (2024)
• Dr KANDHASAMY NAGAR: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600. Together, the total charges would be Rs 25,200. 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 Balaji Gardens?

Balaji Gardens is covered by the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thetthipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and consistent across different transactions.

Frequently asked questions

What is the current guideline value of Balaji Gardens?

The current guideline value of Balaji Gardens is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 70 per sq.ft in 2007 to Rs 280 per sq.ft in 2024, which is an overall increase of 300%.

Which Sub Registrar Office covers Balaji Gardens?

Balaji Gardens falls under the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total charges would amount to Rs 25,200.

Where can I find more information about the guideline values?

Information about guideline values can be found in the Registration Department's guideline value register, specifically on the TNReginet platform.