Guideline Value for Balaji Housing

Balaji Housing guideline value

The current guideline value of Balaji Housing in Kavundampalayam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Balaji Housing has changed

The guideline value for Balaji Housing has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,000 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 536 per sq.ft, marking an increase of 87% from 2017 to 2023. In 2012, the value was Rs 800 per sq.ft, which represented a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 25%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the first recorded value for Balaji Housing is from 2012 at Rs 800 per sq.ft, followed by the subsequent revisions.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current value of Balaji Housing.

• Balaji Garden: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,325 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,000 per sq.ft (2024)
• Balaji Nagar Extension: Rs 1,325 per sq.ft (2024)
• Bairavi Street-Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Balaji Nagar-Kavundampalayam: Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Housing

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Housing?

The Balaji Housing area falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation set by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in the transaction process, as it reflects the official valuation of the property in the area.

Frequently asked questions

What is the current guideline value of Balaji Housing?

The current guideline value of Balaji Housing is Rs 1,000 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 1,000 per sq.ft in 2024, with various revisions in between, including a significant increase of 87% from 2017 to 2023.

What is the land classification for Balaji Housing?

Balaji Housing is classified as Residential Class I Type - II, indicating its designation for residential use.

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

The Sub Registrar Office covering Balaji Housing is the Vadavalli SRO, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Balaji Housing?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.