Guideline Value for BALU GARDEN

Balu Garden guideline value

The current guideline value of Balu Garden is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Periyanayakkan Palayam SRO and is classified as Residential Special Type - III.

How the guideline value of Balu Garden has changed

Over the years, the guideline value of Balu Garden has seen several revisions. The register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 747 per sq.ft, which was then increased by 10% to Rs 825 per sq.ft in the 2024 revision.

This change reflects the most recent adjustment in the guideline value, moving from Rs 747 per sq.ft in 2023 to Rs 825 per sq.ft in 2024. This increase indicates a significant change in the valuation for this street within the given timeframe.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value in this area is Rs 330 per sq.ft, making Balu Garden's 2024 figure of Rs 825 per sq.ft higher than the median.

• Balu Garden Phase - II: Rs 1,050 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

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total fees together Rs 74,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balu Garden?

The Sub Registrar Office that covers Balu Garden is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration process of property transactions in Veerapandi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures transparency and compliance with local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Balu Garden?

The current guideline value of Balu Garden is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Balu Garden has changed from Rs 747 per sq.ft in 2023 to Rs 825 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Balu Garden?

Balu Garden is classified as Residential Special Type - III. This classification affects its guideline value and potential uses.

How is the stamp duty calculated for property in Balu Garden?

The stamp duty for property in Balu Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,25,000 would incur a stamp duty of Rs 57,750.

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

The Sub Registrar Office for Balu Garden is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find more details online.