Guideline Value for Balaji colony (nagar)

Balaji colony (nagar) guideline value

The current guideline value of Balaji colony (nagar) is Rs 1,680 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village and falls under the Singanallur SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Balaji colony (nagar) has changed

The guideline value for Balaji colony (nagar) has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,680 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, placing Balaji colony (nagar) above this median.

• Baladhandauthapuram: Rs 2,016 per sq.ft (2024)
• Baladhandautham Nagar: Rs 2,016 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,002 per sq.ft (2024)
• Balaji nagar extension: Rs 1,680 per sq.ft (2024)
• Badrakaliyamman koil street: Rs 1,002 per sq.ft (2024)
• Balan Nagar: Rs 1,232 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji colony (nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value would be Rs 16,80,000. The stamp duty at 7% would amount to Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total cost for these fees to Rs 1,51,200. 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 colony (nagar)?

The Sub Registrar Office that covers Balaji colony (nagar) is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in assessing the appropriate fees based on the value of the property. This ensures compliance with legal requirements and helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Balaji colony (nagar)?

The current guideline value of Balaji colony (nagar) is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,680 per sq.ft in 2024.

What is the land classification for Balaji colony (nagar)?

The land classification for Balaji colony (nagar) is Residential Special Type - III.

Which office handles registrations for Balaji colony (nagar)?

The Singanallur Sub Registrar Office handles registrations for Balaji colony (nagar). It is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Balaji colony (nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the stamp duty would amount to Rs 1,17,600.