Guideline Value for BALAJI LAYOUT

Balaji Layout guideline value

The current guideline value of Balaji Layout is Rs 880 per sq.ft. This property is located in Ward - G village, under the Tiruppur Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Balaji Layout has changed

The guideline value for Balaji Layout has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 385 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it saw a decline to Rs 536 per sq.ft in 2017. The value then rose to Rs 800 per sq.ft in 2023, before reaching the current figure of Rs 880 per sq.ft in the 2024 revision, which is effective from 1 July 2024. The changes between these revisions include a notable increase of 108% from 2007 to 2012, a decrease of 33% from 2012 to 2017, a substantial increase of 49% from 2017 to 2023, and a further rise of 10% from 2023 to 2024.

For the years 2002 and 2003, the register has no figure for this street in it. Overall, from 2007 to 2024, the guideline value has increased by 129%.

Guideline values in Ward - G

In Ward - G, there are 134 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,650 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the 2024 figure for Balaji Layout.

• Balajinagar: Rs 880 per sq.ft (2024)
• Balaji Nagar 1 Nd Street: Rs 880 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 880 per sq.ft (2024)
• Balaji Nagar Extension: Rs 825 per sq.ft (2024)
• Anna Nagar: Rs 706 per sq.ft (2024)
• Amarjothi Sathyamoorthi Nagar: Rs 880 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 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Please 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 Sub Registrar Office that covers Balaji Layout is the Tiruppur Joint II 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 - G

The guideline value is an essential factor during property registration in Ward - G. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property can be registered. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Balaji Layout?

The current guideline value of Balaji Layout is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 385 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 129% over this period.

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

For a property valued at Rs 8,80,000, the stamp duty is Rs 61,600, and the registration fee is Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Balaji Layout?

The Tiruppur Joint II Sub Registrar Office covers Balaji Layout, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Balaji Layout?

Balaji Layout is classified as Residential Class I Type - I, indicating its suitability for residential development.