Guideline Value for Balu Resitency Phase-I&II

Balu Resitency Phase-I&II guideline value

The current guideline value for Balu Resitency Phase-I&II is Rs 405 per sq.ft, effective from 1 July 2024. This property is located in Madhukarai village, under the Madukkarai SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Balu Resitency Phase-I&II has changed

The guideline value of Balu Resitency Phase-I&II has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 405 per sq.ft, an increase from Rs 300 per sq.ft in 2023, marking a change of +35%. Prior to that, in 2017, the guideline value was Rs 167 per sq.ft, which means there was an increase of +80% from 2017 to 2023. The 2012 revision recorded a guideline value of Rs 250 per sq.ft, which indicates a decrease of -33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +62%.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhukarai

In Madhukarai, there are 178 streets under the Madukkarai SRO that carry a 2024 guideline value ranging from Rs 315 to Rs 1,535 per sq.ft, with a median value of Rs 339 per sq.ft. The guideline value for Balu Resitency Phase-I&II is above this median.

• Balu Enclave: Rs 405 per sq.ft (2024)
• Highway City: Rs 405 per sq.ft (2024)
• Pheonix Nagar: Rs 405 per sq.ft (2024)
• Raja Rajeshwari Nagar: Rs 405 per sq.ft (2024)
• Sakthi Garden: Rs 405 per sq.ft (2024)
• Silver Spring Annex: Rs 675 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Resitency Phase-I&II

For a 1,000 sq.ft plot at the current guideline value of Rs 405 per sq.ft, the total guideline value would be Rs 4,05,000. The stamp duty at 7% would amount to Rs 28,350, and the registration fee at 2% would be Rs 8,100, making the total cost for these fees Rs 36,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balu Resitency Phase-I&II?

The Sub Registrar Office that covers Balu Resitency Phase-I&II is the Madukkarai Sub Registrar Office, located at 365, Gandhi Nagar, Near Quarry Office, Palakkad Main Road, Madukkarai, Coimbatore, 641105. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madhukarai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps to maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Balu Resitency Phase-I&II?

The current guideline value for Balu Resitency Phase-I&II is Rs 405 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2012 to 2024, the guideline value has increased by +62%. The most recent revision in 2024 saw an increase of +35% from the previous year.

What is the stamp duty for property in Balu Resitency Phase-I&II?

The stamp duty for property in Balu Resitency Phase-I&II is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Madhukarai?

The Madukkarai Sub Registrar Office handles property registrations in Madhukarai, located at 365, Gandhi Nagar, Near Quarry Office, Palakkad Main Road, Madukkarai, Coimbatore, 641105.

What is the median guideline value for streets in Madhukarai?

The median guideline value for streets in Madhukarai is Rs 339 per sq.ft, with Balu Resitency Phase-I&II's value being above this median.