Guideline Value for Balan Nagar

Balan Nagar guideline value

The current guideline value of Balan Nagar is Rs 1,232 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class I Type - II.

How the guideline value of Balan Nagar has changed

The guideline value for Balan Nagar has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, marking a rise of 175%. However, it then decreased to Rs 737 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,100 per sq.ft in 2023 and then to the current Rs 1,232 per sq.ft in 2024, reflecting a 12% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 208%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam village, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value is Rs 1,232 per sq.ft, which is equal to the current value of Balan Nagar.

• 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)
• Balasundram Street: Rs 2,016 per sq.ft (2024)
• Balu Naidu thottam: Rs 1,001 per sq.ft (2024)
• Balu Nayakar Layout: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Balan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value amounts to Rs 12,32,000. The stamp duty at 7% would be Rs 86,240, and the registration fee at 2% would be Rs 24,640, totaling Rs 1,10,880. 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 Balan Nagar?

Balan Nagar is covered by 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 Uppilipalayam

The guideline value is a critical factor in property transactions in Uppilipalayam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, 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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balan Nagar?

The current guideline value of Balan Nagar is Rs 1,232 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,232 per sq.ft in 2024, showing an overall increase of 208% over this period.

What are the stamp duty and registration fees for properties in Balan Nagar?

For a property valued at Rs 12,32,000, the stamp duty would be Rs 86,240 and the registration fee would be Rs 24,640, totaling Rs 1,10,880.

Which office handles property registrations in Balan Nagar?

The Singanallur Sub Registrar Office handles property registrations in Balan Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification of Balan Nagar?

Balan Nagar is classified as Residential Class I Type - II, indicating its designation for residential development.