Guideline Value for BALAJI NAGAR 2

Balaji Nagar 2 guideline value

The current guideline value of Balaji Nagar 2 is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Muthanampalayam village and falls under the Tiruppur Joint I SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Balaji Nagar 2 has changed

The guideline value for Balaji Nagar 2 has seen several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft, which then increased to Rs 167 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 705 per sq.ft, reflecting a significant increase of 322%. The value remained unchanged at Rs 705 per sq.ft from the 2023 revision to the 2024 revision.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 182%.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft, with a median value of Rs 700 per sq.ft. Balaji Nagar 2's 2024 figure is above this median.

• Balaji Nagar Extn: Rs 705 per sq.ft (2024)
• Avm Nagar: Rs 711 per sq.ft (2024)
• Bhrathi Nagar: Rs 705 per sq.ft (2024)
• Ashok Nagar: Rs 700 per sq.ft (2024)
• Arun Garden: Rs 700 per sq.ft (2024)
• Arul Nagar: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 2

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty, charged at 7%, would be Rs 49,350, and the registration fee at 2% would be Rs 14,100. Together, the total cost for stamp duty and registration fee would be Rs 63,450. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 2?

The Sub Registrar Office that covers Balaji Nagar 2 is the Tiruppur Joint I 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 Muthanampalayam

The guideline value is a crucial factor in the registration process of property transactions in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 2?

The current guideline value of Balaji Nagar 2 is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 705 per sq.ft in 2023 and 2024. This represents an overall increase of 182% from 2012 to 2024.

What is the median guideline value in Muthanampalayam?

The median guideline value in Muthanampalayam is Rs 700 per sq.ft, with Balaji Nagar 2's value being above this median at Rs 705 per sq.ft.

What are the stamp duty and registration fees for a property in Balaji Nagar 2?

For a 1,000 sq.ft property at the guideline value of Rs 705 per sq.ft, the total guideline value is Rs 7,05,000. The stamp duty would be Rs 49,350, and the registration fee would be Rs 14,100, totaling Rs 63,450.

Which office handles the registration for Balaji Nagar 2?

The Tiruppur Joint I Sub Registrar Office handles the registration for Balaji Nagar 2, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.