Guideline Value for BALAJINAGAR

Balajinagar guideline value

The current guideline value of Balajinagar, located in Ward - G village under the Tiruppur Joint II SRO, is Rs 880 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Balajinagar has changed

The guideline value for Balajinagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, from 2017 to 2023, the value increased sharply by 49%, resulting in a new figure of Rs 800 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for Balajinagar for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ward - G

In Ward - G, there are 134 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,650 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is equal to the current value for Balajinagar.

• Balaji Nagar 1 Nd Street: Rs 880 per sq.ft (2024)
• Balaji Layout: Rs 880 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 880 per sq.ft (2024)
• Balaji Nagar Extension: Rs 825 per sq.ft (2024)
• Anna Nagar: Rs 706 per sq.ft (2024)
• Amarjothi Sathyamoorthi Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Balajinagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value totals Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balajinagar?

The Sub Registrar Office that covers Balajinagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ward - G. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When a property is sold, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balajinagar?

The current guideline value of Balajinagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Balajinagar?

Balajinagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates in Balajinagar?

The stamp duty rate in Balajinagar is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balajinagar?

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