Guideline Value for Balu Avenue Phase-II

Balu Avenue Phase-II guideline value

The current guideline value of Balu Avenue Phase-II is Rs 1,001 per sq.ft. This property is located in Kuniyamuthur village under the Coimbatore South Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Balu Avenue Phase-II has changed

According to the guideline value register, there are no figures available for Balu Avenue Phase-II in the revisions from the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 1,000 per sq.ft, which changed to Rs 1,001 per sq.ft in the 2024 revision, reflecting a change of +0%.

This indicates that the guideline value remained stable between the 2023 and 2024 revisions. The current value of Rs 1,001 per sq.ft is effective from 1 July 2024.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO carrying a 2024 guideline value ranging from Rs 1,000 to Rs 1,550 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Balu Avenue Phase-II's guideline value below this median.

• Balu Avenue: Rs 1,001 per sq.ft (2024)
• Balu Garden Phase I: Rs 1,001 per sq.ft (2024)
• Balu Garden Phase II: Rs 1,001 per sq.ft (2024)
• BandariBoyan Street: Rs 1,004 per sq.ft (2024)
• Balamurugan Kovil Street: Rs 1,003 per sq.ft (2024)
• Bay Bay nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Avenue Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020. Together, the total cost for these fees would be Rs 90,090. 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 more detailed calculations.

Which Sub Registrar Office covers Balu Avenue Phase-II?

The Sub Registrar Office that covers Balu Avenue Phase-II is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kuniyamuthur. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the government’s assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Balu Avenue Phase-II?

The current guideline value of Balu Avenue Phase-II is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value changed from Rs 1,000 per sq.ft in 2023 to Rs 1,001 per sq.ft in 2024, reflecting a change of +0%.

What are the other streets in Kuniyamuthur with similar guideline values?

Other streets in Kuniyamuthur with similar guideline values include Balu Garden Phase I, Balu Garden Phase II, and Balu Avenue, all at Rs 1,001 per sq.ft in 2024.

What fees are associated with buying property in Balu Avenue Phase-II?

The fees associated with buying property in Balu Avenue Phase-II include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, these fees total Rs 90,090.

Where can I find the Sub Registrar Office for Balu Avenue Phase-II?

The Sub Registrar Office for Balu Avenue Phase-II is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.