Guideline Value for Alexandera Line

Alexandera Line guideline value

The current guideline value of Alexandera Line is Rs 1,800 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 - I.

How the guideline value of Alexandera Line has changed

The guideline value for Alexandera Line has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a significant increase to Rs 1,206 per sq.ft, marking a 49% rise from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, the guideline value from 2012 to 2024 has remained at Rs 1,800 per sq.ft, indicating stability in the most recent revisions.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO, with the 2024 guideline values ranging from Rs 500 to Rs 4,251 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, which is equal to the guideline value of Alexandera Line.

• 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)
• Abu Sait Street: Rs 1,500 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 Alexandera Line

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alexandera Line?

The Sub Registrar Office that covers Alexandera Line 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 information.

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

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

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 ownership. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Alexandera Line?

The current guideline value of Alexandera Line is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 1,800 per sq.ft. The 2017 revision was Rs 1,206 per sq.ft, and there were no figures for the years 2002, 2003, and 2007.

What is the land classification for Alexandera Line?

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

What are the stamp duty and registration fees for properties in Alexandera Line?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Alexandera Line?

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