Guideline Value for Balan Nagar(52)

Balan Nagar(52) guideline value

The current guideline value of Balan Nagar(52) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village, under the Vadavalli SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Balan Nagar(52) has changed

Over the years, the guideline value of Balan Nagar(52) has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 800 per sq.ft in 2012, but then decreased to Rs 536 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in both 2023 and 2024, showing a significant increase of 87% from 2017 to 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. The overall change from the 2007 revision to the current 2024 revision is an increase of 400%, reflecting the evolving real estate landscape in the area.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as of 2024. The median guideline value for this village is Rs 1,000 per sq.ft, which is the same as the current value for Balan Nagar(52).

• Balaji parks: Rs 1,000 per sq.ft (2024)
• Balaji Nagar-Kavundampalayam: Rs 1,325 per sq.ft (2024)
• Balaji Nagar Extension: Rs 1,325 per sq.ft (2024)
• Balaji Nagar: Rs 1,325 per sq.ft (2024)
• Banulakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Barani Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Balan Nagar(52)

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, bringing the total cost to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for a more personalized estimate.

Which Sub Registrar Office covers Balan Nagar(52)?

The Balan Nagar(52) area falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Kavundampalayam. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is not registered below this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware of these values to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Balan Nagar(52)?

The current guideline value of Balan Nagar(52) 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 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 400% over the years.

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 Balan Nagar(52).

What are the stamp duty and registration fees for a property in Balan Nagar(52)?

For a property valued at Rs 10,00,000, the stamp duty is Rs 70,000 and the registration fee is Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Balan Nagar(52)?

The registrations for Balan Nagar(52) are handled by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.