Guideline Value for Balan Nagar

Balan Nagar guideline value

The current guideline value of Balan Nagar is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Pattanam village under the Singanallur SRO and is classified as Residential Class III Type - II.

How the guideline value of Balan Nagar has changed

The guideline value for Balan Nagar has undergone several revisions over the years. In 2007, the value was Rs 92 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, it decreased to Rs 100 per sq.ft in 2017. The 2023 revision raised it to Rs 150 per sq.ft, and the latest revision in 2024 set it at Rs 165 per sq.ft.

From 2017 to 2023, the guideline value increased by 50%. The change from 2012 to 2017 saw a decrease of 33%. Between 2007 and 2012, there was a significant increase of 63%. Overall, from 2007 to 2024, the guideline value has risen by 79%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO, with guideline values ranging from Rs 165 to Rs 1,815 per sq.ft. The median value is Rs 220 per sq.ft, indicating that the guideline value for Balan Nagar is below this median.

• Bagavathiamman kovil Street: Rs 220 per sq.ft (2024)
• Bethel nagar: Rs 220 per sq.ft (2024)
• Bharathi Street: Rs 415 per sq.ft (2024)
• Bharathiyar Nagar: Rs 220 per sq.ft (2024)
• Astalakshmi Nagar: Rs 330 per sq.ft (2024)
• A S Nagar Extension: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Balan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 165 per sq.ft, the guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, totaling Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balan Nagar?

Balan Nagar falls under the jurisdiction of 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 Pattanam

The guideline value is a crucial aspect when registering property transactions in Pattanam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold or purchased, the guideline value helps ensure that the transaction is recorded accurately in the official registers. Buyers and sellers must be aware of the guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Balan Nagar?

The current guideline value of Balan Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 92 per sq.ft in 2007 to Rs 165 per sq.ft in 2024, reflecting an overall increase of 79% over the years.

What is the land classification of Balan Nagar?

Balan Nagar is classified as Residential Class III Type - II under the guideline value register.

Where can I find the Singanallur Sub Registrar Office?

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

How is the stamp duty calculated in Balan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,65,000, the stamp duty would be Rs 11,550 at 7%.