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Guideline Value

Corporate

Guideline Value for BALAN NAGAR,GANAPATHI PUDUR VEETHI NO-8

₹1010/sq.ft.

The guideline value for Balan Nagar,ganapathi Pudur Veethi No-8 in Ganapathy village (Ganapathy SRO, Coimbatore zone) is Rs 1010 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 1% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ganapathy

Village

Ganapathy

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1010 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sankaralinganar Road, Maniyakaranpalayam , Ganapathy, Coimbatore. 641006.
0422-2539950
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Balan Nagar,ganapathi Pudur Veethi No-8

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Balan Nagar,Ganapathi Pudur Veethi No-8 guideline value

The current guideline value for Balan Nagar, Ganapathi Pudur Veethi No-8 is Rs 1,010 per sq.ft, effective from 1 July 2024. This property is located in Ganapathy village under the Ganapathy SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Balan Nagar,Ganapathi Pudur Veethi No-8 has changed

The guideline value for Balan Nagar has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it then saw a decrease to Rs 502 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,000 per sq.ft, and the latest revision in 2024 has set it at Rs 1,010 per sq.ft. The changes between these revisions include a 200% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 99% increase from 2017 to 2023, and a 1% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. Balan Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Balan Nagar,Ganapathi Pudur Veethi No-8

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value is Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total to Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balan Nagar,Ganapathi Pudur Veethi No-8?

The Sub Registrar Office that covers Balan Nagar, Ganapathi Pudur Veethi No-8 is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balan Nagar, Ganapathi Pudur Veethi No-8?

The current guideline value of Balan Nagar, Ganapathi Pudur Veethi No-8 is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting an overall increase of 304% over the years.

What is the land classification for Balan Nagar?

Balan Nagar falls under the Residential Class I Type - III land classification, indicating its suitability for residential development.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Balan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,10,000, the stamp duty at 7% would be Rs 70,700.