Guideline Value for BALAJI NAGAR EXTN

Balaji Nagar Extn guideline value

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

How the guideline value of Balaji Nagar Extn has changed

The guideline value for Balaji Nagar Extn has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which increased to Rs 167 per sq.ft in 2017. Following this, the value surged to Rs 705 per sq.ft in 2023 and remained unchanged in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 322%. Overall, from 2012 to 2024, the guideline value has risen by 182%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The guideline value for Balaji Nagar Extn is above this median.

• Balaji Nagar 2: 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 Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, making the total cost for these fees Rs 63,450. 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 Extn?

The Balaji Nagar Extn area is covered by the Tiruppur Joint I 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 Muthanampalayam

The guideline value is an essential factor in the registration process when buying or selling property in Muthanampalayam. It serves as a reference point for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar Extn?

The current guideline value of Balaji Nagar Extn 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. There was a significant increase of 322% from 2017 to 2023.

What is the land classification for Balaji Nagar Extn?

Balaji Nagar Extn is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 7,05,000 would incur a stamp duty of Rs 49,350 and a registration fee of Rs 14,100.

Where can I find more information about the Sub Registrar Office?

The Tiruppur Joint I Sub Registrar Office covers Balaji Nagar Extn, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602. You can find more information by visiting the designated link.