Guideline Value for BALUGARDENS PHASE 1.2

Balugardens Phase 1.2 guideline value

The current guideline value of Balugardens Phase 1.2 is Rs 1,010 per sq.ft, effective from 1 July 2024. This property is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Balugardens Phase 1.2 has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a 200% rise. However, this was followed by a decrease to Rs 502 per sq.ft in 2017, a decline of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, reflecting an impressive 99% increase. The most recent revision in 2024 set the value at Rs 1,010 per sq.ft, a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 304%.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Balugardens Phase 1.2 is below this median.

• Balasundram Road.Jayasamani Road: Rs 1,400 per sq.ft (2024)
• Balasundram Road: Rs 1,400 per sq.ft (2024)
• Balan Nagar,Ganapathi Pudur Veethi No-8: Rs 1,010 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,120 per sq.ft (2024)
• Balaji Nagar (Srinivasapuram): Rs 1,400 per sq.ft (2024)
• Beemapuram: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Balugardens Phase 1.2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total cost for these fees to Rs 90,900. 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 Balugardens Phase 1.2?

The Sub Registrar Office that covers Balugardens Phase 1.2 is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ganapathy. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value helps in establishing a benchmark for property prices in the area. It is essential for buyers and sellers to be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Balugardens Phase 1.2?

The current guideline value of Balugardens Phase 1.2 is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, marking an overall increase of 304%.

What is the land classification of Balugardens Phase 1.2?

Balugardens Phase 1.2 is classified as Residential Class I Type - III.

Which Sub Registrar Office covers Balugardens Phase 1.2?

The Ganapathy Sub Registrar Office covers Balugardens Phase 1.2, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Balugardens Phase 1.2?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 10,10,000, the stamp duty at 7% would be Rs 70,700.