Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 380 per sq.ft, effective from 1 July 2024. This area is located in Ward - E village under the Udumalpettai SRO, classified as Residential Class V Type - I.

How the guideline value of Balaji Nagar has changed

In the 2012 revision, the guideline value for Balaji Nagar was set at Rs 350 per sq.ft. This figure remained the same in the 2012 revision, but saw a decrease to Rs 234 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 350 per sq.ft in the 2023 revision, and then to Rs 380 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 50%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 9%. The years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Ward - E

In Ward - E, there are 49 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 1,350 per sq.ft, with a median value of Rs 500 per sq.ft. Balaji Nagar's current guideline value is below this median.

• Annapoorani Layout: Rs 700 per sq.ft (2024)
• Angappan Lane: Rs 380 per sq.ft (2024)
• Ameer Lay Out: Rs 500 per sq.ft (2024)
• Chairman Ramasamy Nagar: Rs 500 per sq.ft (2024)
• Amanalinga Lay Out: Rs 660 per sq.ft (2024)
• Chinnasamy Layout: Rs 775 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 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, while the registration fee at 2% would be Rs 7,600, bringing the total charges to Rs 34,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - E

The guideline value is a crucial factor when registering property transactions in Ward - E. It determines the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller comply with the legal requirements during the transaction.

When a property is bought or sold, the registration office uses the guideline value to assess the applicable charges. This ensures that the transaction is recorded accurately and that the necessary taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back up to Rs 350 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What is the land classification of Balaji Nagar?

Balaji Nagar is classified as Residential Class V Type - I.

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

The Sub Registrar Office for Balaji Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.

How is stamp duty calculated for properties in Balaji Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 26,600 at 7%.