Guideline Value

Corporate

Guideline Value for BALAJI NAGAR

₹706/sq.ft.

The guideline value for Balaji Nagar in Velampalayam village (Tiruppur Joint Ii SRO, Coimbatore zone) is Rs 706 per sq.ft, effective 1 July 2024. It was Rs 326 per sq.ft from 1 April 2023, a 117% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Velampalayam

Village

Tiruppur Joint II

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹706 /sq.ft.
From 1-4-2023 ₹326 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹218 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹325 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960035
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Balaji Nagar

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Balaji Nagar guideline value

The current guideline value of Balaji Nagar in Velampalayam village is Rs 706 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint II SRO and is classified as Residential Class IV Type - I.

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 Rs 325 per sq.ft, which decreased to Rs 218 per sq.ft in 2017. Following this, the value increased significantly to Rs 326 per sq.ft in 2023, and then further rose to Rs 706 per sq.ft in the 2024 revision, marking a change of +117% from 2023 to 2024 and +50% from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by +117%. The fluctuations in values reflect changes in the local real estate landscape, with the most significant jump occurring between 2023 and 2024.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. Balaji Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 706 per sq.ft, the total guideline value would be Rs 7,06,000. The stamp duty at 7% would amount to Rs 49,420, and the registration fee at 2% would be Rs 14,120, bringing the total fees to Rs 63,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the 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 Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Velampalayam

The guideline value is an essential factor in property transactions in Velampalayam, as it determines the minimum price at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must ensure that the sale price is equal to or greater than the guideline value to avoid any issues during registration. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 706 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2012 to Rs 218 per sq.ft in 2017, then to Rs 326 per sq.ft in 2023, and finally to Rs 706 per sq.ft in 2024.

What is the registration office for Balaji Nagar?

The registration office for Balaji Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated in Balaji Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 49,420.

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

Other streets in Velampalayam include Balaji Nagar Sirupuluvapatti at Rs 705 per sq.ft, Balathandayudam Veethi at Rs 707 per sq.ft, and Best Road at Rs 715 per sq.ft, among others.