Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 714 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has undergone significant changes over the years. The 2012 revision set the value at Rs 175 per sq.ft, which then decreased to Rs 117 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting an increase of 498%. The latest revision in 2024 sees the guideline value rise to Rs 714 per sq.ft, marking a 2% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 308%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value is Rs 714 per sq.ft, which is the same as the current value for Balaji Nagar.

• Balabakkiya Nagar: Rs 728 per sq.ft (2024)
• Bannariamman Garden (228): Rs 721 per sq.ft (2024)
• Bhagavathi Amman Nagar: Rs 728 per sq.ft (2024)
• Ayesha Nagar: Rs 704 per sq.ft (2024)
• A.V.T.Nagar: Rs 708 per sq.ft (2024)
• Bharathi Nagar: Rs 729 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 714 per sq.ft, the guideline value would be Rs 7,14,000. The stamp duty, charged at 7%, would amount to Rs 49,980, and the registration fee at 2% would be Rs 14,280. Together, the total cost for these fees would be Rs 64,260. It is important to 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?

Balaji Nagar falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable duties and fees. This means that both the buyer and seller should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 714 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 175 per sq.ft in 2012 to Rs 714 per sq.ft in 2024, representing an overall increase of 308%.

What is the median guideline value in Nallur?

The median guideline value in Nallur is Rs 714 per sq.ft, which is the same as the current value for Balaji Nagar.

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

For a property valued at Rs 7,14,000, the stamp duty would be Rs 49,980, and the registration fee would be Rs 14,280, totaling Rs 64,260.

Which office handles registrations for Balaji Nagar?

The Nallur_Tiruppur Sub Registrar Office handles registrations for Balaji Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.