Guideline Value for BALAJI LAYOUT

Balaji Layout guideline value

The current guideline value of Balaji Layout in Ganapathy village is Rs 1,010 per sq.ft, effective from 1 July 2024. This property falls under the Ganapathy Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Balaji Layout has changed

The guideline value for Balaji Layout has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 502 per sq.ft. The value rebounded to Rs 1,000 per sq.ft in 2023, and now stands at Rs 1,010 per sq.ft following the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

Overall, the guideline value has increased by 304% from 2007 to 2024. The most significant increase occurred between 2017 and 2023, with a rise of 99%, while the increase from 2012 to 2017 was a decrease of 33%. The jump from 2007 to 2012 was a remarkable 200% increase.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, indicating that Balaji Layout's 2024 figure is below this median.

• Bajanaikoilstreet: Rs 1,010 per sq.ft (2024)
• Balaji Nagar (Srinivasapuram): Rs 1,400 per sq.ft (2024)
• Bagathsingh Street: Rs 1,400 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,120 per sq.ft (2024)
• Balan Nagar, Ganapathi Pudur Veethi No-8: Rs 1,010 per sq.ft (2024)
• Balasundram Road: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Layout

For a 1,000 sq.ft plot at the current rate of Rs 1,010 per sq.ft, the guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, totaling Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Layout?

The Balaji Layout is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ganapathy. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it influences the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Balaji Layout?

The current guideline value of Balaji Layout is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 250 per sq.ft to Rs 1,010 per sq.ft in 2024, marking an overall increase of 304%.

What are the stamp duty and registration fees for properties in Balaji Layout?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value, which is Rs 10,10,000 for a 1,000 sq.ft plot, totaling Rs 90,900.

Which Sub Registrar Office covers Balaji Layout?

The Ganapathy Sub Registrar Office covers Balaji Layout, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the land classification for Balaji Layout?

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