Guideline Value for BALAKRISHNA NAIDU COLONY

Balakrishna Naidu Colony guideline value

The current guideline value of Balakrishna Naidu Colony, located in Kalapatty_west village under the Gandhipuram SRO, is Rs 1,055 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - III land classification.

How the guideline value of Balakrishna Naidu Colony has changed

The guideline value for Balakrishna Naidu Colony has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 402 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a substantial increase of 149%. The most recent 2024 revision has set the guideline value at Rs 1,055 per sq.ft, reflecting a further increase of 6% from the previous year.

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

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, placing Balakrishna Naidu Colony's 2024 figure slightly below that median.

• 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 1,050 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 cost for stamp duty and registration fees to Rs 94,950. 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 details.

Which Sub Registrar Office covers Balakrishna Naidu Colony?

The Sub Registrar Office that covers Balakrishna Naidu Colony is 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 information.

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

The guideline value plays a crucial role when buying or selling property in Kalapatty_west. It is used to determine the stamp duty and registration fees, which are essential components of the property transaction process. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions 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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 402 per sq.ft to Rs 1,055 per sq.ft in 2024, which is an overall increase of 162%.

What is the land classification for Balakrishna Naidu Colony?

Balakrishna Naidu Colony falls under the Residential Class I Type - III land classification.

Which office handles the registration for Balakrishna Naidu Colony?

The registration for Balakrishna Naidu Colony is handled by the Gandhipuram Sub Registrar Office, located on Kalapatti Road, near Saravanampatti Police Station.

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

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 10,55,000 would incur a stamp duty of Rs 73,850 at 7%.