Guideline Value for Baba Street

Baba Street guideline value

The current guideline value of Baba Street in Telgupalayam village is Rs 2,000 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore South Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Baba Street has changed

The guideline value for Baba Street has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, which was then increased to Rs 2,000 per sq.ft in the 2024 revision, marking an increase of 11%.

This increase reflects the adjustments made in the guideline values over the years. The most recent revision in 2024 has set the guideline value at Rs 2,000 per sq.ft, which is a significant rise from the previous year's figure.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 1,002 per sq.ft, placing Baba Street's 2024 figure above this median.

• Bagavathsingh Street: Rs 1,000 per sq.ft (2024)
• Bagavathsingh Street I: Rs 1,000 per sq.ft (2024)
• Bagavathsingh Street II: Rs 1,000 per sq.ft (2024)
• Bagavathsingh Street III: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)
• Ayikkonar Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baba Street?

The Sub Registrar Office that covers Baba Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Telgupalayam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Baba Street?

The current guideline value of Baba Street is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Baba Street was Rs 1,800 per sq.ft in 2023 and increased to Rs 2,000 per sq.ft in 2024, marking an 11% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Baba Street?

Baba Street is classified as Residential Special Type - I under the Coimbatore South Joint 1 SRO.

What are the stamp duty and registration fees for a property in Baba Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 20,00,000. The stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Where is the Sub Registrar Office for Baba Street located?

The Sub Registrar Office for Baba Street is located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone.