Guideline Value for Balu Garden Phase I

Balu Garden Phase I guideline value

The current guideline value of Balu Garden Phase I is Rs 780 per sq.ft, effective from 1 July 2024. This property is located in P. Chettipalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balu Garden Phase I has changed

According to the register, there are no figures available for Balu Garden Phase I for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 700 per sq.ft during the 2023 revision, and it has increased by 11% to Rs 780 per sq.ft in the 2024 revision.

This change reflects a significant increase in the guideline value, moving from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024. The current value is now well above the median guideline value of Rs 470 per sq.ft for the 240 streets in P. Chettipalayam under the Coimbatore South Joint 1 SRO.

Guideline values in P. Chettipalayam

In P. Chettipalayam, the guideline values range from Rs 220 to Rs 1,300 per sq.ft, with the median being Rs 470 per sq.ft. Balu Garden Phase I's 2024 figure of Rs 780 per sq.ft is above this median.

• Balu Garden phase II: Rs 780 per sq.ft (2024)
• Balu Garden Phase III: Rs 780 per sq.ft (2024)
• BalaMurugan Nagar: Rs 550 per sq.ft (2024)
• Bagavathi Amman Kovil Street: Rs 220 per sq.ft (2024)
• Badrakaliamman Lane: Rs 220 per sq.ft (2024)
• Ayyavu Gounder Street: Rs 330 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 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would be Rs 54,600, and the registration fee at 2% would be Rs 15,600, resulting in a total of Rs 70,200. 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 information.

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 further assistance.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor when buying or selling property in P. Chettipalayam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on established values.

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 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024, representing an increase of 11%.

What is the land classification for Balu Garden Phase I?

Balu Garden Phase I is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value of a property during transactions. It is also essential for calculating the stamp duty and registration fees required at the time of property registration.