Guideline Value for BABU GARDENS

Babu Gardens guideline value

The current guideline value of Babu Gardens is Rs 335 per sq.ft, effective from 1 July 2024. This street is located in Vellanaipatty village under the Ganapathy SRO, classified as Residential Class I Type - II.

How the guideline value of Babu Gardens has changed

The guideline value for Babu Gardens has seen a revision in 2024, where it is set at Rs 335 per sq.ft, an increase from the previous year's figure of Rs 300 per sq.ft established in 2023. This change represents a rise of 12% from the 2023 revision.

Prior to the 2023 and 2024 revisions, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from 2023 and 2024.

Guideline values in Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with the median value being Rs 335 per sq.ft. Babu Gardens' 2024 figure aligns with this median.

• Balu Gardens: Rs 335 per sq.ft (2024)
• Bankers Colony: Rs 335 per sq.ft (2024)
• Bannariamman Nagar: Rs 335 per sq.ft (2024)
• Bharathi Avenue: Rs 335 per sq.ft (2024)
• Bharathi Avenue Extn: Rs 335 per sq.ft (2024)
• Bharathi Avenue II: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Babu Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total fees together to Rs 30,150. It is important to note that the 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 Babu Gardens?

The Sub Registrar Office that covers Babu Gardens is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

When buying or selling property in Vellanaipatty, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark for calculating these costs, ensuring that all transactions are documented correctly and comply with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Babu Gardens?

The current guideline value of Babu Gardens is Rs 335 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from last year?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 335 per sq.ft in 2024, which is a 12% increase.

What is the land classification for Babu Gardens?

Babu Gardens is classified as Residential Class I Type - II under the Ganapathy SRO.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Babu Gardens?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the guideline value of Rs 335 per sq.ft would incur a total fee of Rs 30,150, including stamp duty and registration fees.