Guideline Value for Balaji Padmavathi Nagar

Balaji Padmavathi Nagar guideline value

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

How the guideline value of Balaji Padmavathi Nagar has changed

The guideline value for Balaji Padmavathi Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 125 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable increase of 700%. However, in 2017, the value saw a decrease to Rs 670 per sq.ft, a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and as of 2024, the current value stands at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Between the years of 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 780%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vadavalli

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

• Balaji Nagar (THONDAMUTHUR ROAD): Rs 1,001 per sq.ft (2024)
• Balaji Nagar (MARUDHAMALI ADIVARAM): Rs 1,001 per sq.ft (2024)
• Balaji Nagar Main: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 3rd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Padmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, resulting in a total of Rs 99,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Padmavathi Nagar?

The Sub Registrar Office that covers Balaji Padmavathi Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Padmavathi Nagar?

The current guideline value of Balaji Padmavathi 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, starting from Rs 125 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the registration office for Balaji Padmavathi Nagar?

The registration office for Balaji Padmavathi Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.

Are there other streets with similar guideline values in Vadavalli?

Yes, there are several other streets in Vadavalli with guideline values close to Balaji Padmavathi Nagar. For instance, Balaji Nagar Main and several other Balaji Nagar streets have guideline values of Rs 1,100 per sq.ft in 2024.