Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 728 per sq.ft, effective from 1 July 2024. This area is located in Kangeyam village under the Kangeyam SRO, classified as Residential Class I Type - II.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 650 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 435 per sq.ft. In 2023, the value increased to Rs 650 per sq.ft again, and the latest revision in 2024 has raised it further to Rs 728 per sq.ft, marking an increase of 12% from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 12%. Notably, the value rose by 49% from 2017 to 2023, and there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median value across these streets is Rs 448 per sq.ft, placing Balaji Nagar's 2024 figure above this median.

• Bangalowputhur Road: Rs 448 per sq.ft (2024)
• Bangalowputhur Road First Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road Second Street: Rs 448 per sq.ft (2024)
• Azhakegoundenpudhur Road: Rs 448 per sq.ft (2024)
• Azhakegoundenpudhur: Rs 448 per sq.ft (2024)
• Ayyavumuthaliar Sandhu: Rs 832 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 728 per sq.ft, the guideline value would be Rs 7,28,000. The stamp duty at 7% would amount to Rs 50,960, and the registration fee at 2% would be Rs 14,560, bringing the total to Rs 65,520. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kangeyam. It serves as a benchmark for determining the minimum price at which property can be sold or purchased, ensuring transparency in the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. 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 728 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 in 2012 to Rs 435 in 2017, then back to Rs 650 in 2023, and finally to Rs 728 in 2024.

What are the stamp duty rates applicable in Balaji Nagar?

The stamp duty rate in Balaji Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Kangeyam Sub Registrar Office located?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What is the median guideline value in Kangeyam?

The median guideline value in Kangeyam is Rs 448 per sq.ft, with Balaji Nagar's current value being above this median.