Guideline Value for Balu Garden Phase II

Balu Garden Phase II guideline value

The current guideline value of Balu Garden Phase II is Rs 1,001 per sq.ft. This property is located in Kuniyamuthur village, under the Coimbatore South Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Balu Garden Phase II has changed

The guideline value for Balu Garden Phase II has seen several revisions over the years. The register does not have 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% from the previous year.

Prior to the 2023 revision, there were no recorded values for the street in the earlier revisions. The only two available figures are from 2023 and 2024, showing a slight increase in the guideline value.

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, with a median value of Rs 1,003 per sq.ft. Balu Garden Phase II's 2024 figure is below this median.

• Balu Garden Phase I: Rs 1,001 per sq.ft (2024)
• Balu Avenue Phase-II: Rs 1,001 per sq.ft (2024)
• Balu Avenue: 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 Garden 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, and the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. 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 more details.

Which Sub Registrar Office covers Balu Garden Phase II?

Balu Garden Phase II falls under the jurisdiction of 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 critical factor when registering property transactions in Kuniyamuthur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Balu Garden Phase II?

The current guideline value of Balu Garden Phase II 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 Garden Phase II has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,001 per sq.ft in 2024, showing a change of +0%.

What is the land classification for Balu Garden Phase II?

Balu Garden Phase II is classified as Residential Class I Type - III under the current land classification system.

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

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

How is stamp duty calculated for properties in Balu Garden Phase II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 70,070.