Guideline Value for Balaji Garden Extension

Balaji Garden Extension guideline value

The current guideline value for Balaji Garden Extension is Rs 1,020 per sq.ft. This area is located in Thudiyalur village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Balaji Garden Extension has changed

The guideline value for Balaji Garden Extension has seen several revisions over the years. In 2012, the value was Rs 550 per sq.ft, which increased to Rs 368 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, reflecting a significant increase of 172%. The latest revision in 2024 set the guideline value at Rs 1,020 per sq.ft, an increase of 2% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 85%, demonstrating a notable change over the years.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, and Balaji Garden Extension's current guideline value is above this median.

• Balaji Garden: Rs 1,020 per sq.ft (2024)
• Balaji Nagar: Rs 1,020 per sq.ft (2024)
• Bagyalakshmi Garden: Rs 1,014 per sq.ft (2024)
• Balaji Nagar (Appanaickenpalayam): Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,019 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Garden Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, totaling Rs 91,800. 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 assistance.

Which Sub Registrar Office covers Balaji Garden Extension?

The Balaji Garden Extension area falls under the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thudiyalur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Balaji Garden Extension?

The current guideline value for Balaji Garden Extension is Rs 1,020 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 550 per sq.ft to Rs 1,020 per sq.ft in 2024, with significant increases observed between 2017 and 2023.

What is the registration office for Balaji Garden Extension?

The registration office for Balaji Garden Extension is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated in Balaji Garden Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 10,20,000 would incur a stamp duty of Rs 71,400 at a rate of 7%.

What other streets have similar guideline values in Thudiyalur?

Other streets in Thudiyalur, such as Balaji Nagar and Balaji Nagar (Appanaickenpalayam), also have a guideline value of Rs 1,020 per sq.ft in 2024, indicating a consistent valuation across these areas.