Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Vadavalli village under the Vadavalli SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen several revisions over the years. In 2003, the value was Rs 90 per sq.ft, which increased to Rs 125 per sq.ft in 2007. Following this, there was a significant jump to Rs 1,000 per sq.ft in 2012. However, this figure decreased to Rs 670 per sq.ft in 2017, before rising again to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Notably, there is no figure available for Balaji Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1122%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for Balaji Nagar.

• Balaji Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar Main: Rs 1,100 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 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, 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 Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,100 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 90 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1122% over the years.

What is the stamp duty rate for property in Balaji Nagar?

The stamp duty rate for property in Balaji Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Vadavalli Sub Registrar Office?

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

What is the land classification of Balaji Nagar?

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