Guideline Value for Balaji Nagar Extension

Balaji Nagar Extension guideline value

The current guideline value of Balaji Nagar Extension in Kavundampalayam village is Rs 1,325 per sq.ft, effective from 1 July 2024. This area falls under the Vadavalli SRO and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar Extension has changed

Looking at the revisions, the guideline value for Balaji Nagar Extension has seen several changes over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023 and further rose to Rs 1,325 per sq.ft in the 2024 revision.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 was 10%. Overall, comparing the 2012 and 2024 revisions, there has been an increase of 10%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO with the 2024 guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, placing the Balaji Nagar Extension guideline value above that median.

• Balaji Nagar-Kavundampalayam: Rs 1,325 per sq.ft (2024)
• Balaji parks: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,325 per sq.ft (2024)
• Balan Nagar(52): Rs 1,000 per sq.ft (2024)
• Balaji Housing: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,325 per sq.ft, the guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, totaling Rs 1,19,250. It is important to note that the 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 Extension?

The Balaji Nagar Extension 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 when buying or selling property in Kavundampalayam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When a property is registered, the guideline value helps determine the official worth of the property, which is essential for legal and financial processes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Balaji Nagar Extension?

The current guideline value of Balaji Nagar Extension is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the stamp duty for property in Balaji Nagar Extension?

The stamp duty for property in Balaji Nagar Extension is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 92,750.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, with Balaji Nagar Extension's value being above this median.