Guideline Value for Balaclava South (C/16/1 to 83)

Balaclava South (C/16/1 to 83) guideline value

The current guideline value for Balaclava South (C/16/1 to 83) is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Coonoor Ward - C Block - 1, under the Coonoor_Uthagamandalam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaclava South (C/16/1 to 83) has changed

The guideline value for Balaclava South has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, there was a significant increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft. The 2024 revision again maintains the value at Rs 800 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained constant, with no percentage change.

Guideline values in Coonoor Ward - C Block - 1

In Coonoor Ward - C Block - 1, there are 29 streets under the Coonoor_Uthagamandalam SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,100 per sq.ft. The median value is Rs 800 per sq.ft, which aligns with the guideline value for Balaclava South.

• Carolina Tea Estate Road (C/12/1 to 20): Rs 800 per sq.ft (2024)
• Carolina Tea Estate Road South (C/12/1 to 26): Rs 800 per sq.ft (2024)
• Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue: Rs 1,100 per sq.ft (2024)
• Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk: Rs 1,100 per sq.ft (2024)
• Chandra Colony (C/10/ All Survey Nos.): Rs 800 per sq.ft (2024)
• Manickapillai Line (C/6/1 to 65): Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Balaclava South (C/16/1 to 83)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, resulting in Rs 56,000, and the registration fee at 2% totals Rs 16,000. Together, the total cost for these fees is Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaclava South (C/16/1 to 83)?

The Sub Registrar Office that covers Balaclava South (C/16/1 to 83) is the Coonoor_Uthagamandalam Sub Registrar Office, located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Coonoor Ward - C Block - 1

The guideline value is a critical factor in property transactions, as it determines the minimum value at which properties are registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the fees reflect the property's value according to the official register, providing a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value for Balaclava South?

The current guideline value for Balaclava South (C/16/1 to 83) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the land classification for Balaclava South?

Balaclava South (C/16/1 to 83) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Balaclava South?

The Coonoor_Uthagamandalam Sub Registrar Office is located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in Balaclava South?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees amount to Rs 72,000.