Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village, under the Nallur_Tiruppur SRO, and is classified as Mixed Special 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 2007, where the value was Rs 75 per sq.ft. This increased significantly to Rs 745 per sq.ft in 2012, followed by a decrease to Rs 499 per sq.ft in 2017. The 2023 revision set the value at Rs 750 per sq.ft, and the most recent revision in 2024 raised it to Rs 840 per sq.ft.

In terms of percentage changes, the value increased by 893% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 50% from 2017 to 2023. The jump from 2023 to 2024 was 12%. Overall, from 2007 to 2024, the guideline value has increased by 1020%. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value is Rs 709 per sq.ft, placing Balaji Nagar's 2024 figure above this median.

• Ayyavu Nagar: Rs 718 per sq.ft (2024)
• Bhagavathi Nagar: Rs 709 per sq.ft (2024)
• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Bharathi Nagar (629,630,632): Rs 722 per sq.ft (2024)
• Athavan Nagar: Rs 713 per sq.ft (2024)
• Asiriyar Colony: Rs 709 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 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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 Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Veerapandi. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps in determining the legal documentation required and the taxes applicable. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 75 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, reflecting an overall increase of 1020% over the years.

What is the median guideline value in Veerapandi?

The median guideline value in Veerapandi village is Rs 709 per sq.ft, with Balaji Nagar's value being above this median.

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

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which office handles property registrations for Balaji Nagar?

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