Guideline Value for Balaji Garden H/4/30

Balaji Garden H/4/30 guideline value

The current guideline value of Balaji Garden H/4/30 is Rs 1,800 per sq.ft, effective from 1 July 2024. This property is located in Ooty Town village, under the Uthagamandalam -Joint I SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Balaji Garden H/4/30 has changed

The guideline value for Balaji Garden H/4/30 has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,206 per sq.ft in 2017. This marked a 21% rise. From 2017 to 2023, the value rose significantly to Rs 1,800 per sq.ft, reflecting a 49% increase. The 2023 revision maintained the value at Rs 1,800 per sq.ft, which will also be the value in the 2024 revision.

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 80%.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 4,251 per sq.ft. The median value is Rs 1,800 per sq.ft, which is the same as the guideline value for Balaji Garden H/4/30.

• Bakeer Mohamed Street E/9/301: Rs 4,251 per sq.ft (2024)
• Band Line: Rs 1,800 per sq.ft (2024)
• Bank Lane E/15/1,77: Rs 1,800 per sq.ft (2024)
• Barathidhasan Street: Rs 1,250 per sq.ft (2024)
• Barathiyar Street: Rs 1,250 per sq.ft (2024)
• Barma Cell Line: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Garden H/4/30

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Balaji Garden H/4/30?

The Sub Registrar Office that covers Balaji Garden H/4/30 is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Ooty Town. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the transaction is fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Balaji Garden H/4/30?

The current guideline value of Balaji Garden H/4/30 is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2012 to Rs 1,800 per sq.ft in 2024, marking an overall increase of 80% over this period.

What is the land classification for Balaji Garden H/4/30?

Balaji Garden H/4/30 is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office located?

The Uthagamandalam -Joint I Sub Registrar Office is located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

How is stamp duty calculated for properties in Ooty Town?

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 18,00,000 would incur a stamp duty of Rs 1,26,000 at a rate of 7%.