Guideline Value for BALAJI NAGAR( S.NO. 188/1A )

Balaji Nagar( S.No. 188/1a ) guideline value

The current guideline value for Balaji Nagar( S.No. 188/1a ) is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Somayampalayam village, under the Vadavalli SRO, and is classified as Residential Special Type - II.

How the guideline value of Balaji Nagar( S.No. 188/1a ) has changed

The guideline value for Balaji Nagar( S.No. 188/1a ) has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 720 per sq.ft. The guideline value for Balaji Nagar( S.No. 188/1a ) is above this median.

• Balaji Nagar: Rs 990 per sq.ft (2024)
• Arasan Avenue: Rs 550 per sq.ft (2024)
• Ananyas Nananani Phase-IV: Rs 1,650 per sq.ft (2024)
• Ananya's Garden@ Vadavalli: Rs 1,650 per sq.ft (2024)
• Ananya's Garden @ Kalappanaickenpalayam: Rs 1,650 per sq.ft (2024)
• Altrons Gardens: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar( S.No. 188/1a )

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges together Rs 89,100. Please 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 more details.

Which Sub Registrar Office covers Balaji Nagar( S.No. 188/1a )?

The Sub Registrar Office that covers Balaji Nagar( S.No. 188/1a ) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Somayampalayam. It serves as a benchmark for determining the market value of the property, ensuring that the property is registered at a fair price according to the established rates in the area.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted transparently and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Balaji Nagar( S.No. 188/1a )?

The current guideline value of Balaji Nagar( S.No. 188/1a ) is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, which is a total increase of 64% over these years.

What is the land classification of Balaji Nagar( S.No. 188/1a )?

Balaji Nagar( S.No. 188/1a ) is classified as Residential Special Type - II.

Which Sub Registrar Office is responsible for Balaji Nagar( S.No. 188/1a )?

The Vadavalli Sub Registrar Office is responsible for Balaji Nagar( S.No. 188/1a ), located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Balaji Nagar( S.No. 188/1a )?

The stamp duty for properties in Balaji Nagar( S.No. 188/1a ) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 9,90,000 would incur a stamp duty of Rs 69,300.