Guideline Value for BALAJI GARDEN

Balaji Garden guideline value

The current guideline value of Balaji Garden, located in Neruperichal village, is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Balaji Garden has changed

The guideline value for Balaji Garden has undergone several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value saw a significant increase of 251% to reach Rs 705 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 135%.

Guideline values in Neruperichal

Neruperichal village has 171 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 1,008 per sq.ft. The median value is Rs 705 per sq.ft, which is also the current rate for Balaji Garden.

• Balaji Gardern Extension: Rs 705 per sq.ft (2024)
• Balaji Nagar: Rs 705 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar Extn: Rs 896 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar: Rs 875 per sq.ft (2024)
• A.V.S Naveen Richland: Rs 705 per sq.ft (2024)
• Avs Naveen Garden: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, while the registration fee at 2% would be Rs 14,100, leading to a total cost of Rs 63,450. 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 detailed calculations.

Which Sub Registrar Office covers Balaji Garden?

The Sub Registrar Office that covers Balaji Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Neruperichal

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties must be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaji Garden?

The current guideline value of Balaji Garden is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 705 per sq.ft in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification of Balaji Garden?

Balaji Garden is classified as Residential Class I Type - III, which indicates its suitability for residential development.

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

For a property valued at Rs 7,05,000, the stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, totaling Rs 63,450. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Balaji Garden?

The Tiruppur Joint I Sub Registrar Office is responsible for property registrations in Balaji Garden, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.