Guideline Value for Balu Garden phase II

Balu Garden phase II guideline value

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

How the guideline value of Balu Garden phase II has changed

According to the register, the guideline value for Balu Garden phase II has seen several revisions. The most recent revision in 2024 set the value at Rs 780 per sq.ft, which is an increase of 11% from the 2023 revision of Rs 700 per sq.ft. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2023 revision was Rs 700 per sq.ft, and the 2024 revision is Rs 780 per sq.ft. This indicates a notable increase in the guideline value over the last year.

Guideline values in P. Chettipalayam

In P. Chettipalayam, there are 240 streets under the Coimbatore South Joint 1 SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median value for the area is Rs 470 per sq.ft, making the 2024 figure for Balu Garden phase II above this median.

• Balu Garden Phase I: 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 II

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 amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, totaling Rs 70,200. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Balu Garden phase II?

The Sub Registrar Office that covers Balu Garden phase II 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 P. Chettipalayam

The guideline value plays a crucial role in the registration process when buying or selling property in P. Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable duties, ensuring that the transaction is legally documented and that the government receives the necessary revenue. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies 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 780 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 11%, from Rs 700 per sq.ft to Rs 780 per sq.ft.

What is the land classification for Balu Garden phase II?

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

Where can I find the registration office for Balu Garden phase II?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,80,000, the stamp duty would be Rs 54,600 at a rate of 7%.