Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,325 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 for Balaji Nagar has seen significant revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. The value then rose sharply to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,325 per sq.ft following the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2007 to 2024, the overall increase in guideline value is 563%. The changes between revisions include a 500% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Balaji Nagar is above this median.

• Balaji Housing: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)
• Balaji Nagar Extension: Rs 1,325 per sq.ft (2024)
• Balaji Nagar-Kavundampalayam: Rs 1,325 per sq.ft (2024)
• Balaji parks: Rs 1,000 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,000 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 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, totaling Rs 1,19,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar?

The Balaji Nagar area falls under the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kavundampalayam. It determines the minimum price at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets in Kavundampalayam with their guideline values?

Other streets in Kavundampalayam include Balaji Housing and Balaji Garden at Rs 1,000 per sq.ft, and Balaji Nagar Extension and Balaji Nagar-Kavundampalayam at Rs 1,325 per sq.ft.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Balaji Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.