Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Ward - M village under the Tiruppur Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - II.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 695 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a 44% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for Balaji Nagar in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 58%.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which matches the 2024 figure for Balaji Nagar.

• Balaji Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Cadhi Colony Street 1: Rs 1,100 per sq.ft (2024)
• Cadhi Colony Street 2: Rs 1,100 per sq.ft (2024)
• Amarjothi Garden: Rs 1,210 per sq.ft (2024)
• Alangadu Municipal Colony: Rs 880 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office covering 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 Ward - M

The guideline value is a crucial factor in the registration process of property transactions in Ward - M. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline values to understand their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. Overall, it has increased by 58% from Rs 695 per sq.ft in 2007 to the current value.

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

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

What are the stamp duty rates for property in Balaji Nagar?

The stamp duty rate for property in Balaji Nagar is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

What is the land classification of Balaji Nagar?

Balaji Nagar is classified as Residential Class III Type - II, which indicates its designation for residential use under the local regulations.