Guideline Value for BUS STAND PANCHAYAT OFFICE (1045,1046,1044,1043)

Bus Stand Panchayat Office (1045,1046,1044,1043) guideline value

The current guideline value for Bus Stand Panchayat Office (1045,1046,1044,1043) is Rs 825 per sq.ft, effective from 1 July 2024. This location is situated in Kotagiri -1 village under the Kothagiri SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Bus Stand Panchayat Office (1045,1046,1044,1043) has changed

The guideline value has seen several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision. The most recent revision in 2024 has further raised the guideline value to Rs 825 per sq.ft, marking a 10% increase from the previous year. The overall increase from the 2017 revision to the 2024 revision is 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means that the guideline value has only been officially recorded starting from 2017.

Guideline values in Kotagiri -1

In Kotagiri -1, there are 79 streets under the Kothagiri SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 825 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing the Bus Stand Panchayat Office (1045,1046,1044,1043) above this median.

• Carsly Estate (247,248,252,253,249,245,270): Rs 715 per sq.ft (2024)
• Carsly Road (266,259,260,261,262,258,257,256): Rs 653 per sq.ft (2024)
• Chikkattu Bettu (884,891,886): Rs 300 per sq.ft (2024)
• Club Road (701,700,699,698,697,693,660): Rs 653 per sq.ft (2024)
• Coonoor Road (1025,288,284): Rs 715 per sq.ft (2024)
• Dhimbatty (11,12,13,14,15,16,17,18,19,25,26,27): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bus Stand Panchayat Office (1045,1046,1044,1043)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, leading to a total of Rs 74,250. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bus Stand Panchayat Office (1045,1046,1044,1043)?

The Bus Stand Panchayat Office (1045,1046,1044,1043) is covered by the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kotagiri -1

The guideline value is a critical factor in the registration process when buying or selling property in Kotagiri -1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The fees are calculated based on this value, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Bus Stand Panchayat Office (1045,1046,1044,1043)?

The current guideline value for Bus Stand Panchayat Office (1045,1046,1044,1043) is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, which is an overall increase of 64%.

What was the guideline value in 2023?

The guideline value for Bus Stand Panchayat Office (1045,1046,1044,1043) in 2023 was Rs 750 per sq.ft, reflecting a 49% increase from the 2017 figure.

Which Sub Registrar Office handles registrations for this area?

The Kothagiri Sub Registrar Office handles registrations for the Bus Stand Panchayat Office (1045,1046,1044,1043), located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone.

What is the stamp duty percentage for properties in this area?

The stamp duty for properties in this area is charged at 7% of the guideline value or the sale price, whichever is higher.