Guideline Value for Balavinayaga Nagar

Balavinayaga Nagar guideline value

The current guideline value of Balavinayaga Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO and is classified as Residential Class III Type - V.

How the guideline value of Balavinayaga Nagar has changed

The guideline value for Balavinayaga Nagar has seen significant changes over the years. In 2012, the value was Rs 90 per sq.ft, which decreased to Rs 60 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase of 233%, bringing the value to Rs 200 per sq.ft. The most recent revision in 2024 raised the value to Rs 220 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, there has been an increase of 144% in the guideline value.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a variety of guideline values across its 153 streets, with the 2024 figures ranging from Rs 220 to Rs 1,340 per sq.ft. The median value is Rs 310 per sq.ft, placing Balavinayaga Nagar's 2024 figure below this median.

• Barathi Nagar: Rs 310 per sq.ft (2024)
• Bathma Nagar: Rs 450 per sq.ft (2024)
• Balaji Nagar: Rs 560 per sq.ft (2024)
• Bharathi Avenue Phase I: Rs 220 per sq.ft (2024)
• Backyam avenue: Rs 380 per sq.ft (2024)
• Arijana Colony (Ward 7): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Balavinayaga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balavinayaga Nagar?

The Sub Registrar Office covering Balavinayaga Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Narasimmanaickenpalayam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the correct fees are applied based on the property’s value. This ensures transparency and compliance with the local regulations governing property transactions.

Frequently asked questions

What is the current guideline value of Balavinayaga Nagar?

The current guideline value of Balavinayaga Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2012 to Rs 60 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

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

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles property registrations in Balavinayaga Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Balavinayaga Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the median guideline value in Narasimmanaickenpalayam?

The median guideline value in Narasimmanaickenpalayam is Rs 310 per sq.ft, with Balavinayaga Nagar's value being below this median.