Guideline Value for BALAJI LAYOUT

Balaji Layout guideline value

The current guideline value of Balaji Layout is Rs 3,360 per sq.ft, effective from 1 July 2024. This layout is located in Ward - J village under the Tiruppur Joint I SRO and falls under the Commercial Class I Type - II land classification.

How the guideline value of Balaji Layout has changed

The guideline value for Balaji Layout has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,510 per sq.ft. This value increased significantly to Rs 3,000 per sq.ft in 2012, marking a 99% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 3,000 per sq.ft in 2023, followed by a notable rise to the current figure of Rs 3,360 per sq.ft in 2024, which is a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 123%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Balaji Layout is above this median.

• Bharathi Nagar: Rs 840 per sq.ft (2024)
• Bharathi Nagar 1st West Street: Rs 840 per sq.ft (2024)
• Bharathi Nagar Kavundanaikampalayam: Rs 840 per sq.ft (2024)
• Bharathi Nagar North: Rs 840 per sq.ft (2024)
• Bharathi Nagar West: Rs 840 per sq.ft (2024)
• Bharathi Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 3,360 per sq.ft, the total guideline value amounts to Rs 33,60,000. The stamp duty at 7% would be Rs 2,35,200, and the registration fee at 2% would be Rs 67,200, totaling Rs 3,02,400. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Balaji Layout?

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

How the guideline value is used when you buy or sell in Ward - J

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - J. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaji Layout?

The current guideline value of Balaji Layout is Rs 3,360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,510 per sq.ft in 2007 to Rs 3,360 per sq.ft in 2024, reflecting an overall increase of 123% over the years.

What are the other streets in Ward - J?

Other streets in Ward - J include Bharathi Nagar, Bharathi Nagar 1st West Street, Bharathi Nagar Kavundanaikampalayam, Bharathi Nagar North, Bharathi Nagar West, and Bharathi Street, all with a guideline value of Rs 840 per sq.ft in 2024.

How is stamp duty calculated for properties in Balaji Layout?

Stamp duty for properties in Balaji Layout is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Balaji Layout?

The Sub Registrar Office for Balaji Layout is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.