Guideline Value for BABUKHAN STREET

Babukhan Street guideline value

The current guideline value of Babukhan Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ward - D village under the Udumalpettai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Babukhan Street has changed

The guideline value for Babukhan Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 625 per sq.ft. The value then changed to Rs 419 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 626 per sq.ft, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which is a 5% increase from the previous year.

There are no recorded figures for Babukhan Street in the years 2002, 2003, and 2007, as the register has no figure for this street in it.

Guideline values in Ward - D

In Ward - D, there are 54 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 2,020 per sq.ft. The median value among these streets is Rs 660 per sq.ft, which is the same as the guideline value for Babukhan Street.

• Asad Street: Rs 660 per sq.ft (2024)
• Appavu Lane: Rs 2,020 per sq.ft (2024)
• Ansari Street: Rs 500 per sq.ft (2024)
• Advocate Nagarajan Street: Rs 660 per sq.ft (2024)
• Chidambaram Pillai Street: Rs 1,350 per sq.ft (2024)
• Dass Lane: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Babukhan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Babukhan Street?

The Sub Registrar Office that covers Babukhan Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ward - D. It serves as a benchmark for determining the stamp duty and registration fees that are applicable for the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Babukhan Street?

The current guideline value of Babukhan Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Babukhan Street?

Babukhan Street is classified as Residential Class IV Type - I.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Babukhan Street?

Babukhan Street is covered by the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.