Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Karumandichellipalayam village under the Perundurai SRO, is Rs 200 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the 2023 revision brought it back to Rs 200 per sq.ft, which has been maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was an increase of 49%, while the adjustment from 2012 to 2017 represented a decrease of 33%. Overall, comparing the 2012 to 2024 revisions, the guideline value has remained the same at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karumandichellipalayam

In Karumandichellipalayam, there are 111 streets under the Perundurai SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,650 per sq.ft. The median value for these streets is Rs 350 per sq.ft, indicating that the guideline value of Balaji Nagar is below this median.

• Bagath sing nagar: Rs 350 per sq.ft (2024)
• Cheran Nagar: Rs 350 per sq.ft (2024)
• Chinnu Garden: Rs 300 per sq.ft (2024)
• Golden Nagar: Rs 350 per sq.ft (2024)
• Malligai nagar: Rs 350 per sq.ft (2024)
• Marudham Avenue: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Karumandichellipalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuations set by the government.

When buying or selling property, the guideline value helps establish a fair price for the transaction, which is essential for both buyers and sellers. This value must be considered to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Karumandichellipalayam?

The median guideline value in Karumandichellipalayam is Rs 350 per sq.ft, with Balaji Nagar's value being below this median.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Balaji Nagar located?

The Sub Registrar Office for Balaji Nagar is located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone.