Guideline Value for Badmanabathever Street

Badmanabathever Street guideline value

The current guideline value of Badmanabathever Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Vellalore village and falls under the Singanallur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Badmanabathever Street has changed

The guideline value of Badmanabathever Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 300 per sq.ft in the 2023 revision, and then further rose to Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the 2024 guideline value of Badmanabathever Street.

• Babukan Street: Rs 770 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 Badmanabathever Street

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Badmanabathever Street?

The Sub Registrar Office that covers Badmanabathever 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 more information.

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

The guideline value is a crucial factor in property transactions in Vellalore. It is used to determine the stamp duty and registration fees that buyers need to pay when registering a property. This ensures that the transaction is recorded at a value that reflects the government’s assessment of property worth in the area.

When selling a property, the guideline value helps establish a baseline for negotiations between buyers and sellers. It provides a reference point that can influence the final sale price and the associated costs for both parties.

Frequently asked questions

What is the current guideline value of Badmanabathever Street?

The current guideline value of Badmanabathever Street is Rs 330 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 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Badmanabathever Street?

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

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Badmanabathever Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Vellalore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 3,30,000, the stamp duty would be calculated at 7% of that amount.