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 Palladam village, under the Palladam Sub Registrar Office (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 seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and finally rose to Rs 840 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a 12% increase. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palladam

In Palladam, there are 56 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,450 per sq.ft. The median value is Rs 840 per sq.ft, which is equal to the current guideline value of Balaji Nagar.

• A.V.M. Layout: Rs 840 per sq.ft (2024)
• Bharathi Puram: Rs 720 per sq.ft (2024)
• Aruljothi Nagar: Rs 840 per sq.ft (2024)
• Arijana Colony: Rs 440 per sq.ft (2024)
• Annanagar: Rs 780 per sq.ft (2024)
• Andal Nagar: Rs 610 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 cost for these fees 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Nagar?

The Balaji Nagar area is covered by the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial component in the registration process of property transactions in Palladam. It serves as a benchmark for determining the minimum value at 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 both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price, while sellers must consider it when setting their asking price.

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 from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 840 per sq.ft in 2024.

What is the stamp duty rate for property in Balaji Nagar?

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

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

The Sub Registrar Office covering Balaji Nagar is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

What are the other streets in Palladam with their guideline values?

Other streets in Palladam include A.V.M. Layout and Aruljothi Nagar, both at Rs 840 per sq.ft, Bharathi Puram at Rs 720 per sq.ft, Annanagar at Rs 780 per sq.ft, Andal Nagar at Rs 610 per sq.ft, and Arijana Colony at Rs 440 per sq.ft.