Guideline Value for Band Line

Band Line guideline value

The current guideline value for Band Line in Ooty Town village is Rs 1,800 per sq.ft, effective from 1 July 2024. This property falls under the Uthagamandalam -Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Band Line has changed

In the 2007 revision, the guideline value was Rs 570 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking a rise of 216%. However, the value then decreased to Rs 1,206 per sq.ft in the 2017 revision, a drop of 33%. The current figure of Rs 1,800 per sq.ft has remained unchanged since the 2023 revision.

From 2017 to 2023, the guideline value increased by 49%. The 2024 revision has maintained the guideline value at Rs 1,800 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

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 is Rs 1,800 per sq.ft, making Band Line's 2024 figure equal to this median.

• 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)
• Beddoms Road: Rs 1,800 per sq.ft (2024)
• Behind Rohini Theatre F/14/35: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Band 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Band Line?

The Sub Registrar Office covering Band 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 stamp duty and registration fees applicable to the transaction, ensuring that both parties adhere to the legal requirements set by the Registration Department.

When a property is sold, the guideline value serves as a benchmark for determining the minimum value on which stamp duty is calculated. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Band Line?

The current guideline value for Band 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 changes, with the most significant increase of 216% from Rs 570 in 2007 to Rs 1,800 in 2012. The value has remained at Rs 1,800 since the 2023 revision.

What is the land classification for Band Line?

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

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

The Sub Registrar Office for Band Line is 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 Band Line?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 18,00,000 would incur a stamp duty of Rs 1,26,000 at 7%.