Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in T.Kottampatti village under the Pollachi SRO, is Rs 420 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen several revisions over the years. In 2012, the value was set at Rs 420 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 281 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 420 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is noteworthy that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure shows no net change, as both are Rs 420 per sq.ft.

Guideline values in T.Kottampatti

In T.Kottampatti, there are 84 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,060 per sq.ft. The median value for these streets is Rs 420 per sq.ft, which is equal to the guideline value of Balaji Nagar.

• Azhaghu Sundaram Nagar: Rs 420 per sq.ft (2024)
• Aswin Avenue: Rs 675 per sq.ft (2024)
• Anna Nagar (Slum): Rs 301 per sq.ft (2024)
• Anna Colony (Puram): Rs 301 per sq.ft (2024)
• Anna Colony (Indra Nagar-Puram): Rs 301 per sq.ft (2024)
• Devi Garden Extn: Rs 420 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 420 per sq.ft, the total guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, and the registration fee at 2% would be Rs 8,400, resulting in a combined total of Rs 37,800. 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 Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in T.Kottampatti. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must be aware of this value to ensure fair transactions during the sale process.

When a property is sold, the registration fee and stamp duty are calculated based on the guideline value or the 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 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 420 per sq.ft in 2012 to Rs 281 per sq.ft in 2017, then back to Rs 420 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Balaji Nagar?

Balaji Nagar falls under the Residential Class II Type - I land classification. This classification is important for determining the usage and regulations applicable to the property.

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

For a property valued at Rs 4,20,000, the stamp duty would be Rs 29,400 and the registration fee would be Rs 8,400, totaling Rs 37,800. These fees are based on the guideline value.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001. This office handles registrations for properties in Balaji Nagar.