Guideline Value for Balajinagar

Balajinagar guideline value

The current guideline value of Balajinagar, located in Kannampalayam village under the Sulur SRO, is Rs 448 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Balajinagar has changed

The guideline value for Balajinagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then revised to Rs 268 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the most recent revision in 2024 has set it at Rs 448 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, notable changes include a 33% decrease from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The guideline value increased by 12% from 2023 to 2024, resulting in an overall increase of 12% from 2012 to 2024.

Guideline values in Kannampalayam

In Kannampalayam, there are 114 streets under the Sulur SRO with a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 336 per sq.ft, making Balajinagar's 2024 value of Rs 448 per sq.ft above the median.

• Baladhandayudham Nagar: Rs 224 per sq.ft (2024)
• Bakkiamalli Thottam Road: Rs 224 per sq.ft (2024)
• Avadisetty thottam south side: Rs 224 per sq.ft (2024)
• A.Subaramaniayam Nagar: Rs 224 per sq.ft (2024)
• Arupudha Mudhaiyar Street: Rs 448 per sq.ft (2024)
• Arunachal Boyar Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Balajinagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balajinagar?

The Sub Registrar Office that covers Balajinagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, 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 Kannampalayam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on 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 Balajinagar?

The current guideline value of Balajinagar is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

What is the land classification for Balajinagar?

Balajinagar falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for Balajinagar?

The Sub Registrar Office for Balajinagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How are stamp duty and registration fees calculated in Balajinagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in total fees of Rs 40,320.