Guideline Value for Balaji Garden

Balaji Garden guideline value

The current guideline value of Balaji Garden is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Balaji Garden has changed

The guideline value for Balaji Garden has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which then changed to Rs 536 per sq.ft in 2017. This represented a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 87%, bringing it back to Rs 1,000 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, there has been an increase of 25% in the guideline value.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is the same as the current value for Balaji Garden.

• Balaji Housing: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,325 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,000 per sq.ft (2024)
• Bairavi Street-Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bagavathi Street (Thadagam Road): Rs 1,325 per sq.ft (2024)
• Balaji Nagar Extension: Rs 1,325 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 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty, charged at 7%, amounts to Rs 70,000, and the registration fee at 2% is Rs 20,000. Together, the total cost for stamp duty and registration fee is Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Garden?

The Sub Registrar Office that covers Balaji Garden is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kavundampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point to assess the transaction's legitimacy. Buyers and sellers must be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Garden?

The current guideline value of Balaji Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remains at this value in 2024.

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

For a 1,000 sq.ft property, the total guideline value is Rs 10,00,000. The stamp duty is Rs 70,000 and the registration fee is Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Balaji Garden?

The Vadavalli Sub Registrar Office handles property registrations for Balaji Garden, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, influencing the stamp duty and registration fees applicable during a transaction.