Guideline Value for BALU GARDEN PHASE III

Balu Garden Phase III guideline value

The current guideline value of Balu Garden Phase III is Rs 780 per sq.ft, effective from 1 July 2024. This property is located in P. Chettipalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balu Garden Phase III has changed

In the 2023 revision, the guideline value for Balu Garden Phase III was Rs 700 per sq.ft. The change from 2023 to 2024 reflects an increase of 11%, bringing the current guideline value to Rs 780 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Thus, the only available figures for Balu Garden Phase III are from the 2023 and 2024 revisions. The increase in guideline value indicates a shift in the valuation as recorded by the Registration Department's guideline value register.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 470 per sq.ft, placing Balu Garden Phase III's 2024 figure above this median.

• Balu Garden phase II: Rs 780 per sq.ft (2024)
• Balu Garden Phase I: Rs 780 per sq.ft (2024)
• BalaMurugan Nagar: Rs 550 per sq.ft (2024)
• Bagavathi Amman Kovil Street: Rs 220 per sq.ft (2024)
• Badrakaliamman Lane: Rs 220 per sq.ft (2024)
• Ayyavu Gounder Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Garden Phase III

For a 1,000 sq.ft plot at the current rate of Rs 780 per sq.ft, the guideline value amounts to Rs 7,80,000. The stamp duty is charged at 7%, totaling Rs 54,600, while the registration fee is 2%, amounting to Rs 15,600. Together, these fees total Rs 70,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balu Garden Phase III?

The Sub Registrar Office covering Balu Garden Phase III is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial metric used during the registration of property transactions in P. Chettipalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it impacts the overall transaction costs. This value is particularly important for calculating the stamp duty, which is based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Balu Garden Phase III?

The current guideline value of Balu Garden Phase III is Rs 780 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024, which is an increase of 11%.

What is the land classification of Balu Garden Phase III?

Balu Garden Phase III is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Balu Garden Phase III is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How is the stamp duty calculated for properties in Balu Garden Phase III?

Stamp duty for properties in Balu Garden Phase III is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.