Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 726 per sq.ft, effective from 1 July 2024. This area is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Special Type - III.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has undergone several revisions over the years. In the 2007 revision, the value was Rs 106 per sq.ft, which increased significantly to Rs 725 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 486 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 726 per sq.ft, which remains unchanged in the 2024 revision.

Between the revisions, the guideline value increased by 49% from 2017 to 2023 and saw no change from 2023 to 2024. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 585%.

Guideline values in Kavundapadi

In Kavundapadi village, there are 137 streets under the Kavundapadi SRO, with 2024 guideline values ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Balaji Nagar's 2024 figure above this median.

• Ayyan Valasu: Rs 250 per sq.ft (2024)
• Ayyan Thottam: Rs 600 per sq.ft (2024)
• Barpar Thottam: Rs 600 per sq.ft (2024)
• Ayyampalayam Road: Rs 400 per sq.ft (2024)
• Ayyampalayam Nehru Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Mariamman Kovil Street: Rs 400 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 726 per sq.ft, the total guideline value amounts to Rs 7,26,000. The stamp duty at 7% would be Rs 50,820, and the registration fee at 2% would be Rs 14,520, bringing the total to Rs 65,340. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office covering Balaji Nagar is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kavundapadi. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 726 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 106 per sq.ft in 2007 to Rs 726 per sq.ft in 2024, marking an overall increase of 585% over the years.

What is the land classification of Balaji Nagar?

Balaji Nagar is classified as Residential Special Type - III, which is relevant for determining its guideline value.

What are the stamp duty rates for property in Balaji Nagar?

The stamp duty rate for property transactions in Balaji Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Kavundapadi Sub Registrar Office located?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, in the Coimbatore registration zone.