Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Sarkarsamakulam village, is Rs 375 per sq.ft as per the 2023 revision. This area falls under the Periyanayakkan Palayam SRO and is classified as Residential Class I Type - II.

How the guideline value of Balaji Nagar has changed

Since the 2003 revision, the guideline value in Balaji Nagar has seen significant changes. In 2003, the value was Rs 29 per sq.ft, which increased to Rs 69 per sq.ft in 2007, marking a rise of 138%. The value then surged to Rs 375 per sq.ft in 2012, reflecting a remarkable increase of 443%. However, from 2012 to 2017, the value decreased to Rs 251 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 375 per sq.ft, representing a 49% increase from 2017.

Overall, from 2003 to 2023, the guideline value has increased by 1193%. It is important to note that there are no figures available for the 2002 and 2024 revisions for this street.

Guideline values in Sarkarsamakulam

Currently, there are no specific village figures available for Sarkarsamakulam. Balaji Nagar is part of this locality, and there are no other streets in Sarkarsamakulam under the Periyanayakkan Palayam SRO listed.

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 375 per sq.ft, the total guideline value would be Rs 3,75,000. The stamp duty, charged at 7%, would amount to Rs 26,250, while the registration fee at 2% would be Rs 7,500. Together, the total fees would be Rs 33,750. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar?

The Balaji Nagar area is covered by 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sarkarsamakulam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the 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 375 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 29 per sq.ft in 2003 to Rs 375 per sq.ft in 2023, with various increases and decreases in between.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 26,250 and the registration fee would be Rs 7,500, totaling Rs 33,750.

Which office handles property registration for Balaji Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registration for Balaji Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

Is there a guideline value for 2024 for Balaji Nagar?

No, the register does not have a guideline value for Balaji Nagar for the year 2024.