Guideline Value for Babukan Street

Babukan Street guideline value

The current guideline value of Babukan Street in Vellalore village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Singanallur SRO and is classified as Residential Class I Type - I.

How the guideline value of Babukan Street has changed

The guideline value for Babukan Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 700 per sq.ft, and most recently, the 2024 revision has raised it further to Rs 770 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value increased significantly by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a 10% increase, indicating a gradual rise in the guideline value over the years.

Guideline values in Vellalore

In Vellalore, there are a total of 307 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value for the area is Rs 330 per sq.ft, positioning Babukan Street's 2024 figure above that median.

• Badmanabathever Street: Rs 330 per sq.ft (2024)
• Bajanai koil veethy: Rs 330 per sq.ft (2024)
• Balaji Nagar: Rs 440 per sq.ft (2024)
• Balamurugan Nagar: Rs 550 per sq.ft (2024)
• Banker Street: Rs 220 per sq.ft (2024)
• Athithi Garden: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Babukan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, resulting in a total of Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Babukan Street?

The Sub Registrar Office that covers Babukan Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When a property is sold, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Babukan Street?

The current guideline value of Babukan Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Babukan Street?

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

What are the other streets in Vellalore with their guideline values?

Other streets in Vellalore include Badmanabathever Street and Bajanai koil veethy at Rs 330 per sq.ft, Balaji Nagar at Rs 440 per sq.ft, Balamurugan Nagar at Rs 550 per sq.ft, Banker Street at Rs 220 per sq.ft, and Athithi Garden at Rs 770 per sq.ft.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.