Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Thudiyalur village under the Periyanayakkan Palayam SRO, is Rs 1,020 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Balaji Nagar has changed

The guideline value of Balaji Nagar has seen significant changes over the years. In 2007, the value was Rs 195 per sq.ft, which increased to Rs 550 per sq.ft in 2012. However, it then decreased to Rs 368 per sq.ft in 2017. The value rose sharply to Rs 1,000 per sq.ft in 2023, marking a remarkable increase of 172% since 2017. The latest revision in 2024 has set the value at Rs 1,020 per sq.ft, reflecting a 2% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 423%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, placing Balaji Nagar's 2024 figure slightly above this median.

• Balaji Garden Extension: Rs 1,020 per sq.ft (2024)
• Balaji Garden: Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Appanaickenpalayam): Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Bagyalakshmi Garden: Rs 1,014 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,019 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 1,020 per sq.ft, the total guideline value would be Rs 10,20,000. The stamp duty at 7% would amount to Rs 71,400, while the registration fee at 2% would be Rs 20,400. Therefore, the total cost for stamp duty and registration fee would be Rs 91,800. 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 accurate calculations.

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 details.

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

The guideline value is a crucial factor in property transactions in Thudiyalur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value.

Additionally, the guideline value helps in maintaining transparency in property transactions. Buyers and sellers can refer to the guideline value to understand the fair valuation of properties in the area, facilitating smoother transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 195 per sq.ft in 2007 to Rs 1,020 per sq.ft in 2024, reflecting an overall increase of 423% over the years.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 91,800.

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.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and to calculate the associated stamp duty and registration fees. It ensures transparency and standardization in property transactions in the area.