Guideline Value for Arrambe B/4/14,16

Arrambe B/4/14,16 guideline value

The current guideline value for Arrambe B/4/14,16 is Rs 1,500 per sq.ft, effective from 1 July 2024. This property is located in Ooty Town village, under the Uthagamandalam -Joint I SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arrambe B/4/14,16 has changed

Over the years, the guideline value for Arrambe B/4/14,16 has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which slightly increased to Rs 1,005 per sq.ft in 2017. Following this, the value remained at Rs 1,500 per sq.ft during the 2023 revision and continues at the same rate in the 2024 revision, indicating no change between these two years. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value increased by 1%, and from 2017 to 2023, it rose significantly by 49%. Overall, from 2012 to 2024, there has been a total increase of 50% in the guideline value for this property.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 4,251 per sq.ft, with a median value of Rs 1,800 per sq.ft. The guideline value for Arrambe B/4/14,16 is below this median.

• Arani House C/25/50: Rs 1,800 per sq.ft (2024)
• Annanagar A/3/13: Rs 1,500 per sq.ft (2024)
• Anbu Anna Colony: Rs 500 per sq.ft (2024)
• Bakeer M ohamed Street E/9/301: Rs 4,251 per sq.ft (2024)
• Balaji Garden H/4/30: Rs 1,800 per sq.ft (2024)
• Anadagiri H/4/1: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Arrambe B/4/14,16

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, bringing the total to Rs 1,35,000. It is important to note that 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 Arrambe B/4/14,16?

The Sub Registrar Office that covers Arrambe B/4/14,16 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 in the registration process of property transactions in Ooty Town. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for taxation purposes. This value is used by the registration office to calculate the applicable fees, making it an important aspect of property dealings in the area.

Frequently asked questions

What is the current guideline value of Arrambe B/4/14,16?

The current guideline value for Arrambe B/4/14,16 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 1,000 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 50% during this period.

What is the land classification for Arrambe B/4/14,16?

Arrambe B/4/14,16 is classified as Residential Class I Type - II, indicating its use for residential purposes.

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

The Sub Registrar Office for Arrambe B/4/14,16 is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ooty Town?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty would be calculated at 7% of that amount.