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Guideline Value

Corporate

Guideline Value for Balaji Nagar (Ward No.16)

₹1020/sq.ft.

The guideline value for Balaji Nagar (ward No.16) in Thudiyalur village (Periyanayakkan Palayam SRO, Coimbatore zone) is Rs 1020 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 2% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Thudiyalur

Village

Periyanayakkan Palayam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1020 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹368 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹550 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.171,kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020
0422-2469010
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Balaji Nagar (ward No.16)

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Balaji Nagar (Ward No.16) guideline value

The current guideline value for Balaji Nagar (Ward No.16) is Rs 1,020 per sq.ft, effective from 1 July 2024. This area is located in Thudiyalur village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar (Ward No.16) has changed

In the 2012 revision, the guideline value was set at Rs 550 per sq.ft. This figure decreased to Rs 368 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 172%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 saw a further increase of 2%, bringing the current guideline value to Rs 1,020 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 85%.

Guideline values in Thudiyalur

In Thudiyalur village, there are 282 streets under the Periyanayakkan Palayam SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,019 per sq.ft, making Balaji Nagar's current value of Rs 1,020 per sq.ft slightly above the median.

Stamp duty and registration fee for property in Balaji Nagar (Ward No.16)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, bringing the total charges to Rs 91,800. Please 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 further calculations.

Which Sub Registrar Office covers Balaji Nagar (Ward No.16)?

The Sub Registrar Office that covers Balaji Nagar (Ward No.16) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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 minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaji Nagar (Ward No.16)?

The current guideline value of Balaji Nagar (Ward No.16) is Rs 1,020 per sq.ft, effective from 1 July 2024.

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. There was a decrease to Rs 368 per sq.ft in 2017, followed by an increase to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Balaji Nagar?

The stamp duty for a property valued at Rs 10,20,000 is Rs 71,400, and the registration fee is Rs 20,400, totaling Rs 91,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Balaji Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Balaji Nagar (Ward No.16). The office is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the minimum registration value of a property. It ensures that the government receives appropriate revenue through stamp duty and registration fees during property transactions.