Guideline Value for CITY BABU STREET

City Babu Street guideline value

The current guideline value of City Babu Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Suleswaranpatty village under the Pollachi SRO, classified as Residential Class I Type - I.

How the guideline value of City Babu Street has changed

Over the years, the guideline value for City Babu Street has seen several revisions. The 2007 revision set the value at Rs 110 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, the value decreased by 33% to Rs 100 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 200 per sq.ft, which has remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 100%, and from 2012 to 2017, it saw a decrease of 33%. The overall change from the 2007 revision to the 2024 revision is an increase of 82%.

Guideline values in Suleswaranpatty

In Suleswaranpatty, there are 79 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 200 to Rs 490 per sq.ft. The median guideline value is Rs 200 per sq.ft, which is the same as the 2024 figure for City Babu Street.

• C.W.S. Colony: Rs 200 per sq.ft (2024)
• Dr.KALAINAR STREET-2: Rs 200 per sq.ft (2024)
• Dr.KALAINAR STREET-3: Rs 200 per sq.ft (2024)
• Dr.M.G.R.100 FEET SALAI: Rs 301 per sq.ft (2024)
• Elango Street: Rs 200 per sq.ft (2024)
• Erpathi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in City Babu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers City Babu Street?

The Sub Registrar Office covering City Babu Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Suleswaranpatty. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of City Babu Street?

The current guideline value of City Babu Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing an overall increase of 82% over the years.

What are the other streets in Suleswaranpatty with the same guideline value?

Several other streets in Suleswaranpatty also have a guideline value of Rs 200 per sq.ft in 2024, including C.W.S. Colony, Dr.KALAINAR STREET-2, Dr.KALAINAR STREET-3, Elango Street, and Erpathi Nagar.

What is the registration fee for properties on City Babu Street?

The registration fee for properties on City Babu Street is calculated based on the guideline value. For example, a property valued at Rs 2,00,000 would incur a registration fee of Rs 4,000 at a rate of 2%.

Where can I find the Sub Registrar Office for City Babu Street?

The Sub Registrar Office for City Babu Street is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.