Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 1,060 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty, governed by the Gandhipuram SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Balaji Nagar has changed

Over the years, the guideline value of Balaji Nagar has seen significant changes. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017, a decrease of 33%. However, this figure rose dramatically to Rs 1,000 per sq.ft in 2023, marking a 199% increase. The latest revision in 2024 sees the value at Rs 1,060 per sq.ft, reflecting a 6% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 112%.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median value is Rs 1,060 per sq.ft, which is equal to the current figure for Balaji Nagar.

• Bangala Veethi: Rs 1,060 per sq.ft (2024)
• Bharathiar Veethi: Rs 1,055 per sq.ft (2024)
• Bharathithasan Veethi: Rs 1,060 per sq.ft (2024)
• Bharathi Veethi: Rs 1,060 per sq.ft (2024)
• Bharma Thamilar Colony: Rs 1,045 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 1,055 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 1,060 per sq.ft, the total guideline value amounts to Rs 10,60,000. The stamp duty at 7% would be Rs 74,200, and the registration fee at 2% would be Rs 21,200, totaling Rs 95,400. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar 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 details.

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

The guideline value is a crucial factor when registering property transactions in Saravanmpatty. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,060 per sq.ft in 2024, with significant increases in 2023 and 2024.

What is the land classification for Balaji Nagar?

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

Where is the Sub Registrar Office for Balaji Nagar located?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,60,000, the stamp duty at 7% would be Rs 74,200.