Guideline Value for Baba Nagar

Baba Nagar guideline value

The current guideline value of Baba Nagar, located in Vadavalli village under the Vadavalli SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Baba Nagar has changed

The guideline value for Baba Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a 33% drop. The value then rose to Rs 1,000 per sq.ft in 2023, and subsequently, it increased by 10% to the current value of Rs 1,100 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 1,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 450%, showcasing the fluctuations in property valuation over the years.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Baba Nagar.

• Ayyappa Nagar: Rs 1,100 per sq.ft (2024)
• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, resulting in a total cost of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is a crucial factor when registering property transactions in Vadavalli. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the correct revenue from property sales.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and helps avoid undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Baba Nagar?

The current guideline value of Baba Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value of Baba Nagar changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with several revisions in between. The most significant change was a 400% increase from 2007 to 2012.

What is the land classification of Baba Nagar?

Baba Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Vadavalli Sub Registrar Office?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles property registrations for the Baba Nagar area.

How is stamp duty calculated in Baba Nagar?

Stamp duty in Baba Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.