Guideline Value for Bakeer M ohamed Street E/9/301

Bakeer M ohamed Street E/9/301 guideline value

The current guideline value for Bakeer M ohamed Street E/9/301 is Rs 4,251 per sq.ft. This street is located in Ooty Town village and falls under the Uthagamandalam -Joint I SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Bakeer M ohamed Street E/9/301 has changed

The guideline value for Bakeer M ohamed Street E/9/301 has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which decreased to Rs 2,848 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 4,251 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO, with guideline values ranging from Rs 500 to Rs 4,251 per sq.ft. The median value among these streets is Rs 1,800 per sq.ft, indicating that Bakeer M ohamed Street E/9/301's 2024 figure is above that median.

• Balaji Garden H/4/30: Rs 1,800 per sq.ft (2024)
• Band Line: Rs 1,800 per sq.ft (2024)
• Bank Lane E/15/1,77: Rs 1,800 per sq.ft (2024)
• Barathidhasan Street: Rs 1,250 per sq.ft (2024)
• Barathiyar Street: Rs 1,250 per sq.ft (2024)
• Barma Cell Line: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakeer M ohamed Street E/9/301

For a 1,000 sq.ft plot at the current rate of Rs 4,251 per sq.ft, the guideline value amounts to Rs 42,51,000. The stamp duty at 7% would be Rs 2,97,570, and the registration fee at 2% would be Rs 85,020, totaling Rs 3,82,590. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakeer M ohamed Street E/9/301?

The Sub Registrar Office that covers Bakeer M ohamed Street E/9/301 is the Uthagamandalam -Joint I Sub Registrar Office. The address is Uthagamandalam -joint I SRO, Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone. You can find your SRO online.

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 serves as a benchmark for determining the minimum value of a property, ensuring that the sale price is reflective of the market standards set by the registration department.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value for Bakeer M ohamed Street E/9/301?

The current guideline value for Bakeer M ohamed Street E/9/301 is Rs 4,251 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 in 2012 to Rs 2,848 in 2017, then increased to Rs 4,251 in both 2023 and 2024.

What is the land classification for Bakeer M ohamed Street E/9/301?

The land classification for Bakeer M ohamed Street E/9/301 is Commercial Class I Type - I.

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

The Sub Registrar Office for Bakeer M ohamed Street E/9/301 is located at Uthagamandalam -joint I SRO, Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

How is stamp duty calculated for properties in Ooty Town?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property. The current rate for stamp duty is 7%, with an additional registration fee of 2%.