Guideline Value for Balaji parks

Balaji parks guideline value

The current guideline value of Balaji parks in Kavundampalayam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Balaji parks has changed

The guideline value for Balaji parks has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft. The 2023 revision maintained this value, and the current 2024 revision also stands at Rs 1,000 per sq.ft, reflecting no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Balaji parks at this median level.

• Balaji Nagar-Kavundampalayam: Rs 1,325 per sq.ft (2024)
• Balaji Nagar Extension: Rs 1,325 per sq.ft (2024)
• Balan Nagar(52): Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,325 per sq.ft (2024)
• Balaji Housing: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji parks

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 parks?

The Balaji parks area is covered by 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 Kavundampalayam

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

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are compliant with local regulations. This value helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Balaji parks?

The current guideline value of Balaji parks is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remained the same in 2024.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, which is the same as the current value for Balaji parks.

What are the stamp duty and registration fees for Balaji parks?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,00,000, leading to a stamp duty of Rs 70,000 and a registration fee of Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Balaji parks?

The Vadavalli Sub Registrar Office handles registrations for Balaji parks, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.