Guideline Value for Balaji Nagar-Kavundampalayam

Balaji Nagar-Kavundampalayam guideline value

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

How the guideline value of Balaji Nagar-Kavundampalayam has changed

The guideline value for Balaji Nagar-Kavundampalayam has seen several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, and then to the current Rs 1,325 per sq.ft in 2024, reflecting a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 342%.

The revisions for the years 2002 and 2003 do not have recorded figures for this street. The 2023 revision set the value at Rs 1,200 per sq.ft, which was a 49% increase from the 2017 figure of Rs 804 per sq.ft. This shows a significant upward trend in the guideline value over the recent years.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making Balaji Nagar-Kavundampalayam's current value of Rs 1,325 per sq.ft above this median.

• Balaji Nagar Extension: 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-Kavundampalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, while the registration fee at 2% would be Rs 26,500. Together, these fees would total Rs 1,19,250. Please 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-Kavundampalayam?

The Sub Registrar Office that covers Balaji Nagar-Kavundampalayam 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 Kavundampalayam

The guideline value is a crucial factor during property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value for Balaji Nagar-Kavundampalayam?

The current guideline value for Balaji Nagar-Kavundampalayam 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 increased from Rs 300 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, reflecting an overall increase of 342% over the years.

What are the other streets in Kavundampalayam and their guideline values?

Other streets in Kavundampalayam include Balaji Nagar Extension and Balaji Nagar, both at Rs 1,325 per sq.ft, and Balaji parks, Balan Nagar(52), Balaji Housing, and Balaji Garden, all at Rs 1,000 per sq.ft.

Where is the Vadavalli Sub Registrar Office located?

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

How are stamp duty and registration fees calculated in Balaji Nagar-Kavundampalayam?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a property valued at Rs 13,25,000, the total fees would amount to Rs 1,19,250.