Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 560 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village, under the Periyanayakkan Palayam SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Balaji Nagar has changed

The guideline value of Balaji Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 58 per sq.ft. This figure increased dramatically to Rs 500 per sq.ft in 2012, marking a rise of 762%. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, a decline of 33%. The value then increased to Rs 500 per sq.ft in 2023, before rising again to Rs 560 per sq.ft in the 2024 revision, reflecting a 12% increase.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 866%, showcasing the fluctuations in property valuation over the years.

Guideline values in Narasimmanaickenpalayam

In Narasimmanaickenpalayam, there are 153 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,340 per sq.ft. The median value for these streets is Rs 310 per sq.ft, placing Balaji Nagar's 2024 value above this median.

• Backyam avenue: Rs 380 per sq.ft (2024)
• Balavinayaga Nagar: Rs 220 per sq.ft (2024)
• Barathi Nagar: Rs 310 per sq.ft (2024)
• Bathma Nagar: Rs 450 per sq.ft (2024)
• Bharathi Avenue Phase I: Rs 220 per sq.ft (2024)
• Arijana Colony (Ward 7): Rs 220 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 560 per sq.ft, the total guideline value amounts to Rs 5,60,000. The stamp duty at 7% would be Rs 39,200, and the registration fee at 2% would be Rs 11,200. Together, the total cost for stamp duty and registration fee would be Rs 50,400. 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?

The Sub Registrar Office that covers Balaji Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Narasimmanaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, rising from Rs 58 per sq.ft in 2007 to Rs 560 per sq.ft in 2024. The most notable increase occurred between 2007 and 2012, with a rise of 762%.

What is the land classification for Balaji Nagar?

The land classification for Balaji Nagar is Mixed Type - I, indicating a diverse use of land in the area.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 50,400.

Which office handles the registration for Balaji Nagar?

The registration for Balaji Nagar is handled by the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.