Guideline Value for Balaji Nagar 4th Street

Balaji Nagar 4th Street guideline value

The current guideline value of Balaji Nagar 4th 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 4th Street has changed

The guideline value for Balaji Nagar 4th Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vadavalli

In Vadavalli, there are a total of 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 equal to the current guideline value of Balaji Nagar 4th Street.

• Balaji Nagar 3rd 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 4th 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 cost to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 4th Street?

The Sub Registrar Office that covers Balaji Nagar 4th Street is 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 Vadavalli

The guideline value plays a crucial role during property transactions in Vadavalli. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers must be aware that the guideline value is a key factor in calculating these costs.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly. It helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Balaji Nagar 4th Street?

The current guideline value of Balaji Nagar 4th 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 increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Balaji Nagar 4th Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 99,000, including both fees.

Which Sub Registrar Office covers Balaji Nagar 4th Street?

The Vadavalli Sub Registrar Office covers Balaji Nagar 4th Street, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification for Balaji Nagar 4th Street?

The land classification for Balaji Nagar 4th Street is Residential Class I Type - I, indicating its suitability for residential purposes.