Guideline Value for Abu Sait Street

Abu Sait Street guideline value

The current guideline value of Abu Sait Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Ooty Town village and falls under the Uthagamandalam -Joint I SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Abu Sait Street has changed

In the 2007 revision, the guideline value was Rs 480 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a change of +108%. The value then saw a slight increase to Rs 1,005 per sq.ft in 2017, which was a change of +1%. The 2023 revision maintained the value at Rs 1,500 per sq.ft, reflecting a significant increase of +49% from the previous revision in 2017. The current 2024 revision also holds the value at Rs 1,500 per sq.ft, showing no change from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +213%.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO, with a 2024 guideline value range from Rs 500 to Rs 4,251 per sq.ft. The median guideline value for these streets is Rs 1,800 per sq.ft, placing Abu Sait Street's 2024 figure below that median.

• Alexandera Line: Rs 1,800 per sq.ft (2024)
• Alms House Road E/13/98: Rs 1,800 per sq.ft (2024)
• Ambethkar Colony: Rs 500 per sq.ft (2024)
• Anadagiri H/4/1: Rs 1,800 per sq.ft (2024)
• Anbu Anna Colony: Rs 500 per sq.ft (2024)
• Annanagar A/3/13: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Abu Sait Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abu Sait Street?

The Sub Registrar Office that covers Abu Sait Street is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ooty Town. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, which are based on the higher amount between the guideline value and the actual sale price. This ensures that all transactions are recorded accurately and fairly.

Frequently asked questions

What is the current guideline value of Abu Sait Street?

The current guideline value of Abu Sait Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 480 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of +213% over the years.

What is the registration office for Abu Sait Street?

The registration office for Abu Sait Street is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

What are the stamp duty and registration fees for property in Abu Sait Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,500 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,35,000, calculated based on the guideline value.

How do I find the guideline value for other streets in Ooty Town?

You can find the guideline values for other streets in Ooty Town by checking the registration department's guideline value register or visiting the relevant links provided for each street.