Guideline Value for Balaji nagar extension

Balaji nagar extension guideline value

The current guideline value of Balaji nagar extension 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 nagar extension has changed

The guideline value for Balaji nagar extension has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. However, the value increased significantly in the subsequent years, with the 2023 revision bringing it up to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the value to Rs 1,680 per sq.ft, marking a 12% rise from the previous year.

When looking at the changes between revisions, the value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Uppilipalayam

In Uppilipalayam village, there are 361 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, placing Balaji nagar extension's 2024 figure above this median.

• Balan Nagar: Rs 1,232 per sq.ft (2024)
• Balasubramaniya mills: Rs 1,120 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,680 per sq.ft (2024)
• Balasundaram Layout: Rs 1,680 per sq.ft (2024)
• Balaji colony (nagar): Rs 1,680 per sq.ft (2024)
• Balasundram Street: Rs 2,016 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji nagar extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, making the total cost of duty and fees Rs 1,51,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji nagar extension?

The Sub Registrar Office that covers Balaji nagar extension is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Uppilipalayam. When a buyer or seller enters into a sale agreement, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation.

It is essential for both buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Balaji nagar extension?

The current guideline value of Balaji nagar extension 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 1,680 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the median guideline value in Uppilipalayam?

The median guideline value for the 361 streets in Uppilipalayam is Rs 1,232 per sq.ft, with Balaji nagar extension's value being above this median.

What are the stamp duty and registration fees for a property in Balaji nagar extension?

For a property valued at Rs 16,80,000, the stamp duty would be Rs 1,17,600 and the registration fee would be Rs 33,600, totaling Rs 1,51,200.

Where is the Sub Registrar Office for Balaji nagar extension located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.