Guideline Value for Balijavar Lane Main

Balijavar Lane Main guideline value

The current guideline value of Balijavar Lane Main is Rs 1,450 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Balijavar Lane Main has changed

The guideline value for Balijavar Lane Main has undergone several revisions over the years. In 2007, the value was Rs 920 per sq.ft, which increased to Rs 1,300 per sq.ft in 2012. However, it then decreased to Rs 871 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 1,300 per sq.ft in 2023, and finally rose to Rs 1,450 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The overall change from 2007 to 2024 shows an increase of 58%. The register has no figures for this street in 2002 and 2003.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,450 to Rs 7,300 per sq.ft, with a median value of Rs 2,900 per sq.ft. The guideline value of Balijavar Lane Main is below this median.

• Balijavar Lane Lane: Rs 1,450 per sq.ft (2024)
• Avinashi Road Main: Rs 5,600 per sq.ft (2024)
• Avinashi Road Lane: Rs 5,600 per sq.ft (2024)
• Arunachalam Street Main: Rs 3,450 per sq.ft (2024)
• Arunachalam Road lane: Rs 2,900 per sq.ft (2024)
• Brindha Lay out: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Balijavar Lane Main

For a 1,000 sq.ft plot at the current rate of Rs 1,450 per sq.ft, the guideline value amounts to Rs 14,50,000. The stamp duty at 7% would be Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, totaling Rs 1,30,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balijavar Lane Main?

The Sub Registrar Office that covers Balijavar Lane Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward-7

The guideline value plays a crucial role during the registration of property transactions in Ward-7. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is taken into account for calculating these fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Balijavar Lane Main?

The current guideline value of Balijavar Lane Main is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 920 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024, showing an overall increase of 58% over the years.

What is the land classification for Balijavar Lane Main?

Balijavar Lane Main is classified as Residential Class II Type - III according to the local land classification standards.

Where can I find the Sub Registrar Office for Balijavar Lane Main?

The Sub Registrar Office for Balijavar Lane Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in Balijavar Lane Main?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 14,50,000, the stamp duty would be Rs 1,01,500 at 7%.