Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Kuniyamuthur village under the Coimbatore South Joint 1 SRO, is Rs 1,000 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Balaji Nagar has changed

According to the guideline value register, there are no figures available for Balaji Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also reported a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was no percentage change, maintaining the guideline value at Rs 1,000 per sq.ft. This consistency indicates stability in the valuation for this street over the last two years.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,550 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Balaji Nagar is below this median.

• Balamurugan Kovil Street: Rs 1,003 per sq.ft (2024)
• Badrakaliamman Pudur Oorkattu: Rs 1,003 per sq.ft (2024)
• Badrakaliamman Kovil Street: Rs 1,003 per sq.ft (2024)
• Balu Avenue: Rs 1,001 per sq.ft (2024)
• Balu Avenue Phase-II: Rs 1,001 per sq.ft (2024)
• Balu Garden Phase I: Rs 1,001 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar?

Balaji Nagar falls under the jurisdiction of the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Kuniyamuthur, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to calculate applicable fees accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both parties are aware of the financial implications of the sale based on the established guideline value.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,000 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for Balaji Nagar in revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions.

What is the median guideline value in Kuniyamuthur?

The median guideline value in Kuniyamuthur for 2024 is Rs 1,003 per sq.ft, with Balaji Nagar's value being below this median.

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

The stamp duty for a property in Balaji Nagar is calculated at 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 90,000.

Which office handles property registrations for Balaji Nagar?

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