Guideline Value for Balaji Garden

Balaji Garden guideline value

The current guideline value of Balaji Garden, located in Thudiyalur village under the Periyanayakkan Palayam SRO, is Rs 1,020 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Balaji Garden has changed

The guideline value for Balaji Garden has seen significant changes over the years. In 2007, the value was Rs 140 per sq.ft, which increased to Rs 550 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 368 per sq.ft. The value then surged by 172% to reach Rs 1,000 per sq.ft in the 2023 revision, and it further increased by 2% to the current rate of Rs 1,020 per sq.ft in 2024. 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 629%. This reflects the changes in property valuation over the years, highlighting the fluctuations in the real estate market in this area.

Guideline values in Thudiyalur

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

• Balaji Garden Extension: 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

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, bringing the total fees to Rs 91,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Garden?

The Balaji Garden area is covered by 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 is a critical factor when buying or selling property in Thudiyalur. It serves as a reference point for the valuation of properties and is used to calculate the applicable stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaji Garden?

The current guideline value of Balaji Garden is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 140 per sq.ft in 2007 to Rs 1,020 per sq.ft in 2024, reflecting an overall increase of 629% over the years.

What is the land classification for Balaji Garden?

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

What are the stamp duty and registration fees for property in Balaji Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,20,000, with stamp duty at Rs 71,400 and registration fees at Rs 20,400, totaling Rs 91,800.

Which office handles registrations for Balaji Garden?

The Periyanayakkan Palayam Sub Registrar Office handles registrations for Balaji Garden, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.