Guideline Value for Balaji Nagar Railway Line South

Balaji Nagar Railway Line South guideline value

The current guideline value for Balaji Nagar Railway Line South is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Balaji Nagar Railway Line South has changed

The guideline value for Balaji Nagar Railway Line South has undergone several revisions over the years. In 2012, the value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 499%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 has seen a slight increase of 1%, resulting in the current guideline value of Rs 1,006 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 302%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,360 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Balaji Nagar Railway Line South is below this median.

• Balaji nagar: Rs 1,568 per sq.ft (2024)
• Bajanai koil veethy: Rs 1,002 per sq.ft (2024)
• Bannari Amman Nagar: Rs 1,003 per sq.ft (2024)
• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• AZIZ Nagar: Rs 1,001 per sq.ft (2024)
• Bazzar Street: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Railway Line South

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, making the total cost for these fees Rs 90,540. It is important to note that the 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 more details.

Which Sub Registrar Office covers Balaji Nagar Railway Line South?

The Sub Registrar Office that covers Balaji Nagar Railway Line South is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Singanallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a recognized value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar Railway Line South?

The current guideline value of Balaji Nagar Railway Line South is Rs 1,006 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2012 to Rs 1,006 per sq.ft in 2024, which is an overall increase of 302%.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,540.

Which office handles registrations for Balaji Nagar Railway Line South?

The Singanallur Sub Registrar Office handles registrations for Balaji Nagar Railway Line South, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors. It serves as a reference for property transactions to ensure proper documentation and fee collection.