Guideline Value for Balaji Nagar (Appanaickenpalayam)

Balaji Nagar (Appanaickenpalayam) guideline value

The current guideline value of Balaji Nagar (Appanaickenpalayam) is Rs 1,020 per sq.ft, effective from the 2024 revision. This area is located in Thudiyalur village and falls under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar (Appanaickenpalayam) has changed

The guideline value for Balaji Nagar has seen significant changes over the years. In the 2012 revision, the value was Rs 550 per sq.ft, which decreased to Rs 368 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, there was a substantial increase of 172%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,020 per sq.ft, reflecting a rise of 2% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 85%.

Guideline values in Thudiyalur

In Thudiyalur village, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft, with a median value of Rs 1,019 per sq.ft. The guideline value for Balaji Nagar (Appanaickenpalayam) is above this median.

• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Balaji Nagar: Rs 1,020 per sq.ft (2024)
• Balaji Garden Extension: Rs 1,020 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,019 per sq.ft (2024)
• Balaji Garden: Rs 1,020 per sq.ft (2024)
• Bagyalakshmi Garden: Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar (Appanaickenpalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value would be Rs 10,20,000. The stamp duty at 7% would amount to Rs 71,400, and the registration fee at 2% would be Rs 20,400, bringing the total fees together to Rs 91,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar (Appanaickenpalayam)?

The Sub Registrar Office that covers Balaji Nagar (Appanaickenpalayam) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thudiyalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balaji Nagar (Appanaickenpalayam)?

The current guideline value of Balaji Nagar (Appanaickenpalayam) is Rs 1,020 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 550 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, reflecting an overall increase of 85% over this period.

What is the role of the Sub Registrar Office in property transactions?

The Sub Registrar Office is responsible for the registration of property transactions, ensuring that the guideline value is applied correctly to determine the stamp duty and registration fees that need to be paid.

How is stamp duty calculated for properties in Balaji Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,20,000, the stamp duty would be Rs 71,400 at a rate of 7%.

Where can I find more information about guideline values in Thudiyalur?

More information about guideline values in Thudiyalur can be found in the registration department's guideline value register, which provides detailed figures for various streets in the area.