Guideline Value for Balaji Nagar Main

Balaji Nagar Main guideline value

The current guideline value of Balaji Nagar Main is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village under the Vadavalli SRO and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar Main has changed

The guideline value for Balaji Nagar Main has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The value then increased to Rs 1,000 per sq.ft in the 2012 revision, and further to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft.

Between these revisions, there were notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The latest revision from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a 10% rise.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Balaji Nagar Main matches this median.

• Balaji Nagar (MARUDHAMALI ADIVARAM): Rs 1,001 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar (THONDAMUTHUR ROAD): Rs 1,001 per sq.ft (2024)
• Balaji Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Balaji Padmavathi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Main

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Main?

The Sub Registrar Office that covers Balaji Nagar Main 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 is a crucial factor in the registration process of property transactions in Vadavalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value influences the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the actual sale price, which is essential for proper documentation and legal compliance.

Frequently asked questions

What is the current guideline value of Balaji Nagar Main?

The current guideline value of Balaji Nagar Main 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 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 Main?

Balaji Nagar Main is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Balaji Nagar Main?

The Sub Registrar Office for Balaji Nagar Main is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 99,000.