Guideline Value for Barathidhasan Street

Barathidhasan Street guideline value

The current guideline value of Barathidhasan Street is Rs 1,250 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 - III.

How the guideline value of Barathidhasan Street has changed

In the 2012 revision, the guideline value was set at Rs 1,250 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 837 per sq.ft. Following this, the value increased significantly to Rs 1,250 per sq.ft in the 2023 revision. The current 2024 revision also maintains this value at Rs 1,250 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

When examining the changes, from 2017 to 2023, there was an increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 1,250 per sq.ft.

Guideline values in Ooty Town

Barathidhasan Street's guideline value of Rs 1,250 per sq.ft is below the median guideline value of Rs 1,800 per sq.ft for the 209 streets in Ooty Town under the Uthagamandalam -Joint I SRO, which range from Rs 500 to Rs 4,251 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would amount to Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total to Rs 1,12,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathidhasan Street?

The Sub Registrar Office that covers Barathidhasan Street 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 further assistance.

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 at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, which can impact the total cost of the property transaction.

Frequently asked questions

What is the current guideline value of Barathidhasan Street?

The current guideline value of Barathidhasan Street is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent figures being Rs 1,250 per sq.ft in both 2023 and 2024, while it was Rs 837 per sq.ft in 2017 and Rs 1,250 per sq.ft in 2012.

What is the land classification for Barathidhasan Street?

Barathidhasan Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where can I find the Sub Registrar Office for Barathidhasan Street?

The Sub Registrar Office for Barathidhasan Street is located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, under the Uthagamandalam -Joint I SRO.