Guideline Value for BALAJI AVNUE

Balaji Avnue guideline value

The current guideline value of Balaji Avnue is Rs 703 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village, under the Tiruppur Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Balaji Avnue has changed

In the 2012 revision, the guideline value was Rs 350 per sq.ft. This increased to Rs 234 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 200% to Rs 703 per sq.ft. The 2023 revision maintained this value, and in the 2024 revision, it remains unchanged at Rs 703 per sq.ft.

There are no registered figures for Balaji Avnue in the years 2002, 2003, and 2007. Overall, the guideline value has increased by 101% from 2012 to 2024.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value is Rs 703 per sq.ft, which is the same as the guideline value for Balaji Avnue.

• Balu Innovesan: Rs 705 per sq.ft (2024)
• A.V.R.Nagar: Rs 703 per sq.ft (2024)
• A.V.P Nagar: Rs 700 per sq.ft (2024)
• A.V.P Layout: Rs 700 per sq.ft (2024)
• A.V.P.J.S Gardens: Rs 705 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Avnue

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, leading to a total of Rs 63,270. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Avnue?

The Sub Registrar Office that covers Balaji Avnue is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Chettipalayam. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair transaction price and is essential for calculating the associated costs, such as stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Balaji Avnue?

The current guideline value of Balaji Avnue is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase of 200% occurring from 2017 to 2023. The overall increase from 2012 to 2024 is 101%.

What is the classification of land in Balaji Avnue?

Balaji Avnue is classified as Residential Class I Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Balaji Avnue?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 63,270.

Which office handles the registration for Balaji Avnue?

The registration for Balaji Avnue is handled by the Tiruppur Joint I Sub Registrar Office, located in Nerupperichchal Village, Tirupur.