Guideline Value for BALAJI GARDERN EXTENSION

Balaji Gardern Extension guideline value

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

How the guideline value of Balaji Gardern Extension has changed

Looking at the historical revisions, the guideline value for Balaji Gardern Extension was Rs 300 per sq.ft in 2012, 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 2023. The 2024 revision remains unchanged at Rs 705 per sq.ft, indicating a 0% change from the previous year.

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

Guideline values in Neruperichal

Neruperichal village has a total of 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 equal to the current guideline value for Balaji Gardern Extension.

• Balaji Garden: 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 Gardern Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total cost for these fees to 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 also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Gardern Extension?

The Sub Registrar Office that covers Balaji Gardern Extension is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process of property transactions in Neruperichal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Balaji Gardern Extension?

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

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 300 per sq.ft to Rs 705 per sq.ft in 2024, with a significant increase of 251% from 2017 to 2023.

What are the stamp duty and registration fees for properties in Balaji Gardern Extension?

For a property valued at Rs 7,05,000, the stamp duty would be Rs 49,350 and the registration fee would be Rs 14,100, totaling Rs 63,450 for these fees.

Which office handles registrations for Balaji Gardern Extension?

The Tiruppur Joint I Sub Registrar Office handles registrations for Balaji Gardern Extension, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for Balaji Gardern Extension?

The land classification for Balaji Gardern Extension is Residential Class I Type - III, indicating its suitability for residential development.