Guideline Value for Balu Avenue

Balu Avenue guideline value

The current guideline value of Balu Avenue in Kuniyamuthur village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Balu Avenue has changed

The guideline value for Balu Avenue has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which was then revised to Rs 1,001 per sq.ft in 2024, reflecting a change of +0% between these two years.

In summary, the current guideline value of Rs 1,001 per sq.ft is slightly above the previous year's figure of Rs 1,000 per sq.ft. This indicates a stable valuation for Balu Avenue in the recent revision.

Guideline values in Kuniyamuthur

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

• Balu Avenue Phase-II: 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

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, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balu Avenue?

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

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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that both parties in the transaction are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Balu Avenue?

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

How has the guideline value changed over the years?

The guideline value for Balu Avenue has remained stable, with the 2023 figure at Rs 1,000 per sq.ft and the 2024 figure at Rs 1,001 per sq.ft, reflecting no percentage change.

What is the land classification for Balu Avenue?

Balu Avenue is classified as Residential Class I Type - III under the Coimbatore South Joint 1 SRO.

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

Other streets in Kuniyamuthur with a guideline value of Rs 1,001 per sq.ft include Balu Avenue Phase-II, Balu Garden Phase I, and Balu Garden Phase II.

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

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