Guideline Value for Baba Nagar

Baba Nagar guideline value

The current guideline value of Baba Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Baba Nagar has changed

The guideline value of Baba Nagar has undergone several revisions over the years. The earliest recorded value in the register is from 2007, which was Rs 300 per sq.ft. This value increased to Rs 800 per sq.ft in 2012, marking a significant rise of 167%. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a drop of 33%. From 2017 to 2023, the value surged to Rs 1,000 per sq.ft, an increase of 87%. The 2024 revision maintains this value at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 233%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with the median value being Rs 1,000 per sq.ft. Baba Nagar's 2024 guideline value aligns with this median.

• Baba Nagar (Onapalayam Road): Rs 1,000 per sq.ft (2024)
• Bagavathi Nagar: Rs 1,000 per sq.ft (2024)
• Bagavathi Street (Thadagam Road): Rs 1,325 per sq.ft (2024)
• Bairavi Street-Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value comes to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees together to Rs 90,000. It is important to note that 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 Baba Nagar?

The Baba Nagar area falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kavundampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential for parties involved in the transaction to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Baba Nagar?

The current guideline value of Baba Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with various increases and a decrease noted in the intervening years.

What is the land classification of Baba Nagar?

Baba Nagar is classified as Residential Class I Type - II. This classification indicates the type of development permissible in the area.

Where can I find the registration office for Baba Nagar?

The registration office covering Baba Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Baba Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.