Guideline Value for BALU GARDENS

Balu Gardens guideline value

The current guideline value of Balu Gardens, located in Vellanaipatty village under the Ganapathy SRO, is Rs 335 per sq.ft as per the 2024 revision. This area is classified as Residential Class I Type - II.

How the guideline value of Balu Gardens has changed

The guideline value for Balu Gardens has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 50 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a 500% rise. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft, a decrease of 33%. The value then rose to Rs 300 per sq.ft in the 2023 revision, followed by a further increase to Rs 335 per sq.ft in the 2024 revision, reflecting a 12% change.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 570%. 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 Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with the median value being Rs 335 per sq.ft. Balu Gardens' 2024 figure aligns with this median.

• Bankers Colony: Rs 335 per sq.ft (2024)
• Bannariamman Nagar: Rs 335 per sq.ft (2024)
• Bharathi Avenue: Rs 335 per sq.ft (2024)
• Bharathi Avenue Extn: Rs 335 per sq.ft (2024)
• Bharathi Avenue II: Rs 335 per sq.ft (2024)
• Babu Gardens: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, making the total fees Rs 30,150. 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 further calculations.

Which Sub Registrar Office covers Balu Gardens?

Balu Gardens falls under the jurisdiction of the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanaipatty. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and the seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Balu Gardens?

The current guideline value of Balu Gardens is Rs 335 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 50 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, reflecting an overall increase of 570% since 2007.

What are the stamp duty and registration fees for property in Balu Gardens?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 30,150, which includes stamp duty and registration fees.

Which Sub Registrar Office covers Balu Gardens?

Balu Gardens is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

What is the land classification of Balu Gardens?

Balu Gardens is classified as Residential Class I Type - II, indicating its designation for residential use.