Guideline Value for BALABAKKIYA NAGAR

Balabakkiya Nagar guideline value

The current guideline value of Balabakkiya Nagar is Rs 728 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Balabakkiya Nagar has changed

The guideline value for Balabakkiya Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which then increased to Rs 268 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 161%, reaching Rs 700 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 728 per sq.ft, marking a 4% increase from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 82%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Balabakkiya Nagar's 2024 figure above this median.

• Balaji Nagar: Rs 714 per sq.ft (2024)
• Ayesha Nagar: Rs 704 per sq.ft (2024)
• Bannariamman Garden (228): Rs 721 per sq.ft (2024)
• A.V.T.Nagar: Rs 708 per sq.ft (2024)
• Bhagavathi Amman Nagar: Rs 728 per sq.ft (2024)
• Atthin Anbu Nagar: Rs 704 per sq.ft (2024)

Stamp duty and registration fee for property in Balabakkiya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 728 per sq.ft, the guideline value amounts to Rs 7,28,000. The stamp duty at 7% would be Rs 50,960, and the registration fee at 2% would be Rs 14,560, together totaling Rs 65,520. 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 Balabakkiya Nagar?

Balabakkiya Nagar falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It determines the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, both the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balabakkiya Nagar?

The current guideline value of Balabakkiya Nagar is Rs 728 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2012 to Rs 728 per sq.ft in 2024, marking an overall increase of 82% over this period.

What is the land classification of Balabakkiya Nagar?

Balabakkiya Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Balabakkiya Nagar?

For a property valued at Rs 7,28,000, the stamp duty would be Rs 50,960 and the registration fee would be Rs 14,560, totaling Rs 65,520.

Which office handles registrations for Balabakkiya Nagar?

The Nallur_Tiruppur Sub Registrar Office handles registrations for Balabakkiya Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.