Guideline Value for Balagi nagar

Balagi nagar guideline value

The current guideline value of Balagi nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Peedampalli village under the Singanallur SRO and is classified as Residential Class I Type - I.

How the guideline value of Balagi nagar has changed

The guideline value for Balagi nagar has seen several revisions over the years. In 2007, the value was Rs 20 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017. The subsequent revisions saw an increase to Rs 200 per sq.ft in 2023 and finally to Rs 220 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the guideline value increased by 900%, but then it fell by 33% from 2012 to 2017. Following this, there was a substantial rise of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, the guideline value has increased by 1000% from 2007 to 2024.

Guideline values in Peedampalli

In Peedampalli village, there are 156 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft. The median value is Rs 165 per sq.ft, making Balagi nagar's 2024 figure of Rs 220 per sq.ft higher than this median.

• Balaji Kcb Garden Phase-I: Rs 330 per sq.ft (2024)
• Balaji Kcb Garden Phase-II: Rs 330 per sq.ft (2024)
• Baa Avenue: Rs 330 per sq.ft (2024)
• Ayothiyapuram Janaki Nagar: Rs 165 per sq.ft (2024)
• Ayothiapuram Lakshmanan Nagar: Rs 165 per sq.ft (2024)
• Ayothiapuram Bharathan Nagar Extension: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Balagi nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400. Together, these fees would total Rs 19,800. It is important to note that 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 accurate calculations.

Which Sub Registrar Office covers Balagi nagar?

Balagi nagar falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Peedampalli

The guideline value is a crucial factor when registering property transactions in Peedampalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in official documents.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it affects the stamp duty and registration fees. The registration office uses this value to calculate the necessary charges, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Balagi nagar?

The current guideline value of Balagi nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 20 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, marking an overall increase of 1000% over this period.

What is the median guideline value in Peedampalli?

The median guideline value in Peedampalli is Rs 165 per sq.ft, with Balagi nagar's value of Rs 220 per sq.ft being above this median.

What are the stamp duty and registration fees for a property in Balagi nagar?

For a 1,000 sq.ft plot at Rs 220 per sq.ft, the total stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Where can I find the Sub Registrar Office for Balagi nagar?

The Singanallur Sub Registrar Office covers Balagi nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.