Guideline Value for BALAJI NAGAR PHASE 2 (KALAPPATTI)

Balaji Nagar Phase 2 (Kalappatti) guideline value

The current guideline value of Balaji Nagar Phase 2 (Kalappatti) is Rs 1,065 per sq.ft, effective from 1 July 2024. This property is located in Kalapatty_west village, under the Gandhipuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar Phase 2 (Kalappatti) has changed

The guideline value for Balaji Nagar Phase 2 (Kalappatti) has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased this value to Rs 1,065 per sq.ft, marking an overall increase of 99% from 2017 to 2024.

Between the 2023 and 2024 revisions, the guideline value increased by 7%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, positioning Balaji Nagar Phase 2 (Kalappatti) above this median.

• Balaji Nagar Phase 1 (Kalappatti): Rs 1,065 per sq.ft (2024)
• Balaji Nagar (Kalappatti): Rs 1,065 per sq.ft (2024)
• Balakrishna Naidu Colony: Rs 1,055 per sq.ft (2024)
• B Ayyasamy Nagar: Rs 1,065 per sq.ft (2024)
• Ayyasamy Nagar (Goldwins): Rs 1,065 per sq.ft (2024)
• Bharathi Street (Kalappatti): Rs 1,050 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Phase 2 (Kalappatti)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value amounts to Rs 10,65,000. The stamp duty, charged at 7%, would be Rs 74,550, and the registration fee at 2% would be Rs 21,300, bringing the total cost for stamp duty and registration fees to Rs 95,850. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaji Nagar Phase 2 (Kalappatti)?

The Sub Registrar Office that covers Balaji Nagar Phase 2 (Kalappatti) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kalapatty_west. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, it is essential to be aware that the guideline value may differ from the actual sale price. The stamp duty is calculated based on the higher of the two values, ensuring that the appropriate fees are collected during the registration of the property.

Frequently asked questions

What is the current guideline value of Balaji Nagar Phase 2 (Kalappatti)?

The current guideline value of Balaji Nagar Phase 2 (Kalappatti) is Rs 1,065 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 1,065 per sq.ft in 2024, marking an overall increase of 99%. The value increased by 87% from 2017 to 2023 and by 7% from 2023 to 2024.

What is the land classification for Balaji Nagar Phase 2 (Kalappatti)?

Balaji Nagar Phase 2 (Kalappatti) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Balaji Nagar Phase 2 (Kalappatti)?

The Sub Registrar Office for Balaji Nagar Phase 2 (Kalappatti) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a property valued at Rs 10,65,000, the stamp duty would be Rs 74,550 at 7%.