Guideline Value for BALAJI NAGAR (SRINIVASAPURAM)

Balaji Nagar (Srinivasapuram) guideline value

The current guideline value of Balaji Nagar (Srinivasapuram) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar (Srinivasapuram) has changed

The guideline value for Balaji Nagar (Srinivasapuram) has seen significant changes over the years. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 750 per sq.ft in 2012, marking a substantial rise of 400%. The value continued to grow, reaching Rs 837 per sq.ft in 2017, a 12% increase from the previous revision. By 2023, the guideline value had risen to Rs 1,250 per sq.ft, reflecting a notable 49% increase from 2017.

The most recent revision in 2024 set the guideline value at Rs 1,400 per sq.ft, which is a 12% increase from 2023. Overall, from 2007 to 2024, the guideline value has increased by 833%. It is important to note that the register has no figure for Balaji Nagar for the years 2002 and 2003.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Balaji Nagar (Srinivasapuram) is above this median.

• 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)
• Balasundram Road.Jayasamani Road: Rs 1,400 per sq.ft (2024)
• Balaji Layout: Rs 1,010 per sq.ft (2024)
• Balugardens Phase 1.2: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar (Srinivasapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. 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 Nagar (Srinivasapuram)?

The Sub Registrar Office that covers Balaji Nagar (Srinivasapuram) is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ganapathy. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale or purchase of property.

When registering a property, the guideline value influences the calculation of stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar (Srinivasapuram)?

The current guideline value of Balaji Nagar (Srinivasapuram) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, showing an overall increase of 833% over the years.

What is the land classification of Balaji Nagar (Srinivasapuram)?

Balaji Nagar (Srinivasapuram) is classified as Residential Class I Type - I under the Ganapathy SRO.

Where can I find the Sub Registrar Office for Balaji Nagar (Srinivasapuram)?

The Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006, covers Balaji Nagar (Srinivasapuram).

How are stamp duty and registration fees calculated in Ganapathy?

Stamp duty and registration fees in Ganapathy are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 14,00,000 would incur a stamp duty of Rs 98,000 and a registration fee of Rs 28,000.