Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Perianaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar has changed

Over the years, the guideline value of Balaji Nagar has seen several revisions. The 2012 revision set the value at Rs 450 per sq.ft, which was then reduced to Rs 301 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 450 per sq.ft, and the most recent 2024 revision has further raised it to Rs 500 per sq.ft, marking an increase of 11% from the previous year. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 50%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,670 per sq.ft. The median value for these streets is Rs 440 per sq.ft, placing Balaji Nagar's 2024 figure above this median.

• Balasundaram Layout: Rs 665 per sq.ft (2024)
• Bagathsingh Nagar Extension: Rs 340 per sq.ft (2024)
• Bagathsingh Nagar: Rs 340 per sq.ft (2024)
• Ayyasamy Nagar: Rs 500 per sq.ft (2024)
• Ayothi Naidu Veethi: Rs 280 per sq.ft (2024)
• Bharathi Nagar - 1: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perianaickenpalayam. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded accurately.

When you proceed with a property transaction, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then back to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office covers Balaji Nagar?

The Periyanayakkan Palayam Sub Registrar Office covers Balaji Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification for Balaji Nagar?

Balaji Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.