Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Kumarapalayam village under the Coimbatore South Joint 1 SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Balaji Nagar has changed

The guideline value register for Balaji Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,002 per sq.ft, which is a slight increase from Rs 1,000 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value between 2023 and 2024, reflecting a 0% change.

Looking back further, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from 2023 and 2024, indicating a consistent value in recent years.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 1,001 per sq.ft, placing Balaji Nagar's 2024 figure above this median.

• Ayyavu Road-II: Rs 1,002 per sq.ft (2024)
• Ayyavu Road-I: Rs 1,002 per sq.ft (2024)
• Ayyavu Pannadi Road: Rs 1,002 per sq.ft (2024)
• Bharathi Road: Rs 1,000 per sq.ft (2024)
• Bharathy Nagar: Rs 1,000 per sq.ft (2024)
• Bharathypark: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty, calculated at 7%, would be Rs 70,140, while the registration fee at 2% would be Rs 20,040, leading to a total cost of Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kumarapalayam, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This process ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

In 2023, the guideline value was Rs 1,000 per sq.ft, and it increased to Rs 1,002 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Balaji Nagar?

Balaji Nagar falls under the Residential Class II Type - I land classification, which is important for understanding its use and regulations.

What are the stamp duty and registration fees for property in Balaji Nagar?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Balaji Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.