Guideline Value for BALAJI NAGAR 1ST STREET

Balaji Nagar 1st Street guideline value

The current guideline value of Balaji Nagar 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward - M village, under the Tiruppur Joint II SRO, classified as Residential Class III Type - II.

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

Over the years, the guideline value for Balaji Nagar 1st Street has experienced several revisions. The 2007 revision set the value at Rs 695 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a rise of 44%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The 2017 revision then saw a significant increase of 49%, bringing the value to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Balaji Nagar 1st Street.

• Balaji Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Cadhi Colony Street 1: Rs 1,100 per sq.ft (2024)
• Cadhi Colony Street 2: Rs 1,100 per sq.ft (2024)
• Amarjothi Garden: Rs 1,210 per sq.ft (2024)
• Alangadu Municipal Colony: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 1st Street?

The Sub Registrar Office that covers Balaji Nagar 1st 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 - M

The guideline value is a crucial factor when buying or selling property in Ward - M. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the registration process.

When a property transaction occurs, the guideline value helps ensure that the registration reflects a fair value based on the prevailing rates in the area. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Balaji Nagar 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 695 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 58% over the years.

What are the stamp duty and registration fees for properties in Balaji Nagar 1st Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Balaji Nagar 1st Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Balaji Nagar 1st Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Balaji Nagar 1st Street?

Balaji Nagar 1st Street is classified as Residential Class III Type - II under the guideline value register.