Guideline Value for Barathiyar Street

Barathiyar Street guideline value

The current guideline value of Barathiyar 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 Barathiyar Street has changed

The guideline value for Barathiyar Street has seen several revisions over the years. In 2012, the value was set at Rs 1,250 per sq.ft. This remained unchanged until the 2017 revision when it decreased to Rs 837 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,250 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year.

It is important to note that there are no figures available for Barathiyar Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 1,250 per sq.ft.

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 guideline value for these streets is Rs 1,800 per sq.ft, placing Barathiyar Street's 2024 figure below this median.

• Barathidhasan 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)
• Beddoms Road: Rs 1,800 per sq.ft (2024)
• Band Line: 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 Barathiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000. Together, these fees total Rs 1,12,500. It is important to note that 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 Barathiyar Street?

The Sub Registrar Office that covers Barathiyar 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 more details.

How the guideline value is used when you buy or sell in Ooty Town

The guideline value plays a crucial role when buying or selling property in Ooty Town. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Barathiyar Street?

The current guideline value of Barathiyar 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 revisions, with the most recent being Rs 1,250 per sq.ft in 2024. It was previously Rs 837 per sq.ft in 2017 and Rs 1,250 per sq.ft in 2012.

What are the stamp duty and registration fees for properties on Barathiyar Street?

For a property valued at Rs 12,50,000, the stamp duty would be Rs 87,500, and the registration fee would be Rs 25,000, totaling Rs 1,12,500.

Which Sub Registrar Office covers Barathiyar Street?

The Uthagamandalam -Joint I Sub Registrar Office covers Barathiyar Street, located at Govt Arts College Road, Stone House Hill, Ooty Town.

Where can I find more information on guideline values in Ooty Town?

For more information on guideline values in Ooty Town, you can refer to the Registration Department's guideline value register (TNReginet) or visit the Uthagamandalam -Joint I SRO.