Guideline Value for Balu Garden Phase I

Balu Garden Phase I guideline value

The current guideline value for Balu Garden Phase I 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 I has changed

The guideline value for Balu Garden Phase I has seen a revision in 2024, where it is set at Rs 1,001 per sq.ft. Prior to this, in the 2023 revision, the guideline value was Rs 1,000 per sq.ft. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was no percentage change in the guideline value, remaining at Rs 1,001 per sq.ft. Thus, the value has remained stable between these two revisions.

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. The guideline value for Balu Garden Phase I is below this median.

• Balu Garden Phase II: 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 I

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 be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balu Garden Phase I?

The Sub Registrar Office that covers Balu Garden Phase I 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kuniyamuthur, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to avoid any potential legal issues. The guideline value serves as a benchmark for property transactions in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,001 per sq.ft in 2024. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Balu Garden Phase I?

The land classification for Balu Garden Phase I is Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Balu Garden Phase I?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090.

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

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