Guideline Value for BALU GARDEN PHASE - II

Balu Garden Phase - II guideline value

The current guideline value of Balu Garden Phase - II is Rs 1,050 per sq.ft, effective from 1 July 2024. This property is located in Veerapandi village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class II Type - IV.

How the guideline value of Balu Garden Phase - II has changed

According to the guideline value register, there are no figures available for Balu Garden Phase - II for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 1,050 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was a change of +0%, with the guideline value remaining at Rs 1,050 per sq.ft. This consistency indicates stability in the valuation for this property during these two years.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,050 per sq.ft, with a median value of Rs 330 per sq.ft. Balu Garden Phase - II's guideline value is above this median.

• Balu Garden: Rs 825 per sq.ft (2024)
• Blessing City: Rs 825 per sq.ft (2024)
• Athipalayam Road: Rs 235 per sq.ft (2024)
• Aruljothi Nagar: Rs 390 per sq.ft (2024)
• Arivolli Nagar (Ward No.4): Rs 220 per sq.ft (2024)
• Arivolli Nagar (Ward No.3): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Garden Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 1,050 per sq.ft, the guideline value would be Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, totaling Rs 94,500. 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Balu Garden Phase - II?

The Sub Registrar Office that covers Balu Garden Phase - II is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering property transactions in Veerapandi. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration reflects a fair valuation based on the prevailing rates in the area.

When you buy or sell property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Balu Garden Phase - II?

The current guideline value of Balu Garden Phase - II is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,050 per sq.ft in both the 2023 and 2024 revisions, with no change between these two years.

What are the guideline values of other streets in Veerapandi?

Other streets in Veerapandi have varying guideline values, with Balu Garden at Rs 825 per sq.ft, Blessing City at Rs 825 per sq.ft, Athipalayam Road at Rs 235 per sq.ft, Aruljothi Nagar at Rs 390 per sq.ft, and Arivolli Nagar (Ward No.4 and Ward No.3) at Rs 220 per sq.ft.

How is stamp duty calculated for property in Balu Garden Phase - II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,050 per sq.ft, the total guideline value would be Rs 10,50,000, leading to a stamp duty of Rs 73,500.

Where can I find the Sub Registrar Office for Balu Garden Phase - II?

The Sub Registrar Office for Balu Garden Phase - II is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find more information by visiting the appropriate link.