Guideline Value for Balaji Nagar 3rd Street

Balaji Nagar 3rd Street guideline value

The current guideline value of Balaji Nagar 3rd Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vadavalli village, which falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Balaji Nagar 3rd Street has changed

The guideline value for Balaji Nagar 3rd Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision. However, the 2023 revision saw a significant increase to Rs 1,000 per sq.ft, followed by another increase to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is the same as the guideline value for Balaji Nagar 3rd Street.

• Balaji Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar Main: Rs 1,100 per sq.ft (2024)
• Balaji Nagar (MARUDHAMALI ADIVARAM): Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 3rd Street?

The Sub Registrar Office that covers Balaji Nagar 3rd Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Vadavalli. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can affect the overall costs involved in the property transfer.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Street?

The current guideline value of Balaji Nagar 3rd Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Balaji Nagar 3rd Street?

The land classification for Balaji Nagar 3rd Street is Residential Class I Type - I.

Which office handles property registrations for this street?

The Vadavalli Sub Registrar Office handles property registrations for Balaji Nagar 3rd Street, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Balaji Nagar 3rd Street?

Stamp duty for properties in Balaji Nagar 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% on the guideline value.