Guideline Value for BALAKRISHNA NAIDU COLONY

Balakrishna Naidu Colony guideline value

The current guideline value of Balakrishna Naidu Colony is Rs 1,055 per sq.ft, effective from 1 July 2024. This property is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Residential Class I Type - III.

How the guideline value of Balakrishna Naidu Colony has changed

The guideline value for Balakrishna Naidu Colony has undergone several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 149% increase. The current 2024 revision further raised the value to Rs 1,055 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 162%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in KALAPATTY_East

KALAPATTY_East village has a total of 358 streets under the Gandhipuram SRO, with the 2024 guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,055 per sq.ft, which is the same as the current guideline value for Balakrishna Naidu Colony.

• Balaji Nagar Phase 2 (Kalappatti): Rs 1,065 per sq.ft (2024)
• Balaji Nagar Phase 1 (Kalappatti): Rs 1,065 per sq.ft (2024)
• Balaji Nagar (Kalappatti): Rs 1,065 per sq.ft (2024)
• B Ayyasamy Nagar: Rs 1,065 per sq.ft (2024)
• Ayyasamy Nagar (Goldwins): Rs 1,065 per sq.ft (2024)
• Bharathi Street (Kalappatti): Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Balakrishna Naidu Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total charges to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balakrishna Naidu Colony?

The Balakrishna Naidu Colony is covered by the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value will influence the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Balakrishna Naidu Colony?

The current guideline value of Balakrishna Naidu Colony is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 402 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,055 per sq.ft in 2024, marking significant increases over the years.

What is the land classification of Balakrishna Naidu Colony?

Balakrishna Naidu Colony is classified as Residential Class I Type - III.

What is the registration office for Balakrishna Naidu Colony?

The registration office covering Balakrishna Naidu Colony is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.

How is stamp duty calculated for properties in Balakrishna Naidu Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 10,55,000, the stamp duty would be Rs 73,850.