Guideline Value for Balu Garden

Balu Garden guideline value

The current guideline value of Balu Garden in Sarkarsamakulam village is Rs 350 per sq.ft, as per the 2023 revision. This area falls under the Periyanayakkan Palayam SRO and is classified as Residential Class I Type - III.

How the guideline value of Balu Garden has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. However, in the 2017 revision, it decreased to Rs 234 per sq.ft, marking a reduction of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 350 per sq.ft, reflecting a 50% increase from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 350 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Sarkarsamakulam

Currently, there are no specific village figures available for Sarkarsamakulam. Balu Garden is part of the Sarkarsamakulam area under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Balu Garden

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balu Garden?

The Sub Registrar Office that covers Balu Garden is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sarkarsamakulam

The guideline value is a crucial factor in property transactions within Sarkarsamakulam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value or the sale price, whichever is higher, is taken into account for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balu Garden?

The current guideline value of Balu Garden is Rs 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Balu Garden was Rs 350 per sq.ft in 2012, decreased to Rs 234 per sq.ft in 2017, and then returned to Rs 350 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Balu Garden?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 31,500, calculated based on the guideline value.

Which office handles property registrations for Balu Garden?

The Periyanayakkan Palayam Sub Registrar Office is responsible for property registrations in Balu Garden, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification for Balu Garden?

Balu Garden is classified as Residential Class I Type - III, indicating its designation for residential purposes within the area.