Guideline Value for BALAJI NAGAR 1 ND STREET

Balaji Nagar 1 Nd Street guideline value

The current guideline value of Balaji Nagar 1 Nd Street is Rs 880 per sq.ft. This street is located in Ward - G village, under the Tiruppur Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar 1 Nd Street has changed

The guideline value has undergone several revisions over the years. The 2007 revision set the value at Rs 385 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, this figure dropped to Rs 536 per sq.ft in the 2017 revision. The 2023 revision raised it to Rs 800 per sq.ft, and the latest revision in 2024 has increased it to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 129%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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 guideline value for Balaji Nagar 1 Nd Street.

• Balaji Nagar 2nd Street: Rs 880 per sq.ft (2024)
• Balaji Nagar Extension: Rs 825 per sq.ft (2024)
• Balajinagar: Rs 880 per sq.ft (2024)
• Balaji Layout: Rs 880 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 Nagar 1 Nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total 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, making the total cost for these fees Rs 79,200. 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 detailed calculations.

Which Sub Registrar Office covers Balaji Nagar 1 Nd Street?

The Sub Registrar Office that covers Balaji Nagar 1 Nd Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 a crucial factor when registering property transactions in Ward - G. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When buying or selling property, it is important to be aware of the current guideline value as it directly impacts the financial obligations during the registration process. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 1 Nd Street?

The current guideline value of Balaji Nagar 1 Nd Street 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 significantly from Rs 385 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, marking an overall increase of 129% over these years.

What is the stamp duty rate for property in Balaji Nagar 1 Nd Street?

The stamp duty rate for property in Balaji Nagar 1 Nd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How many streets are there in Ward - G?

There are 134 streets in Ward - G under the Tiruppur Joint II SRO that carry a 2024 guideline value.