Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 1,105 per sq.ft, effective from 1 July 2024. This area is located in Chinnavedampatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has undergone several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 199%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 set the value at Rs 1,105 per sq.ft, reflecting an 11% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 121%.

Guideline values in Chinnavedampatty.

Chinnavedampatty has a total of 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,095 per sq.ft, making Balaji Nagar's 2024 figure above that median.

• Bajanai Koil Veethi: Rs 1,090 per sq.ft (2024)
• Bagiyam Layout: Rs 1,095 per sq.ft (2024)
• Azhagu Nagar: Rs 1,095 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,105 per sq.ft (2024)
• Bharathi Veethi: Rs 1,095 per sq.ft (2024)
• Athipalayam Road: Rs 1,025 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 1,105 per sq.ft, the total guideline value would be Rs 11,05,000. The stamp duty at 7% would amount to Rs 77,350, and the registration fee at 2% would be Rs 22,100, bringing the total fees to Rs 99,450. 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 Gandhipuram Sub Registrar Office. The address is 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 Chinnavedampatty.

The guideline value is a crucial factor in the registration process when buying or selling property in Chinnavedampatty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, buyers and sellers must consider the guideline value to calculate applicable stamp duty and registration fees. The fees are based on the higher of the guideline value or the sale price, which ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,105 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 500 per sq.ft in 2012 to Rs 1,105 per sq.ft in 2024, reflecting an overall increase of 121% over this period.

What is the median guideline value in Chinnavedampatty?

The median guideline value in Chinnavedampatty is Rs 1,095 per sq.ft, with Balaji Nagar's 2024 figure being above this median.

What are the stamp duty rates for property in Balaji Nagar?

The stamp duty for property in Balaji Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balaji Nagar?

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