Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,006 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen significant changes over the years. In 2007, the value was Rs 125 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase of 199%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 saw a slight increase of 1%, raising the guideline value to Rs 1,006 per sq.ft.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 705%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, making the guideline value of Balaji Nagar slightly below this median.

• Bankers Colony Phase 2: Rs 1,010 per sq.ft (2024)
• BANKERS COLONY PHASE ii: Rs 1,010 per sq.ft (2024)
• BANKERS Nagar: Rs 1,010 per sq.ft (2024)
• Bankers Nagar-1, Sri Kaliamman Nagar: Rs 1,010 per sq.ft (2024)
• Ayyappa Avenue: Rs 1,006 per sq.ft (2024)
• Ayyapa Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total fees to Rs 90,540. It is important to 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?

The Sub Registrar Office that covers Balaji Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Villankuruchi. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with 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?

The current guideline value of Balaji Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 125 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, marking an overall increase of 705%.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 10,06,000, the total fees would be Rs 90,540.

Which Sub Registrar Office covers Balaji Nagar?

The Ganapathy Sub Registrar Office covers Balaji Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

What is the land classification for Balaji Nagar?

Balaji Nagar falls under the Residential Class I Type - III land classification.