Guideline Value for BALU GARDEN

Balu Garden guideline value

The current guideline value of Balu Garden, located in Krinshnarayapuram village under the Peelamedu SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Balu Garden has changed

The guideline value register for Balu Garden shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,000 per sq.ft.

Since there are no previous figures recorded for this street, the 2024 guideline value stands alone without any changes to report from earlier years.

Guideline values in Krinshnarayapuram

In Krinshnarayapuram, there are 57 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,005 per sq.ft, placing Balu Garden's 2024 figure below that median.

• Balasundaram Street: Rs 1,870 per sq.ft (2024)
• Bharath Petrolium Layout: Rs 1,005 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balu Garden?

The Sub Registrar Office that covers Balu Garden is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Krinshnarayapuram. 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 registered, the guideline value helps ensure that the transaction is documented accurately and reflects the official valuation set by the Registration Department. This process safeguards both buyers and sellers by providing a standardized valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Balu Garden?

The current guideline value of Balu Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

What changes have occurred in the guideline value of Balu Garden?

There have been no recorded changes in the guideline value of Balu Garden from previous years, as the register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the land classification of Balu Garden?

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

How is stamp duty calculated for property in Balu Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.

Where can I find the Peelamedu Sub Registrar Office?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18. This office handles registrations for properties in Balu Garden and the surrounding areas.