Guideline Value for Bazaar Street (B/19/66 to 135)

Bazaar Street (B/19/66 to 135) guideline value

The current guideline value of Bazaar Street (B/19/66 to 135) is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in the village of Coonoor Ward - B Block - 1 and falls under the Coonoor_Uthagamandalam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Bazaar Street (B/19/66 to 135) has changed

Over the years, the guideline value of Bazaar Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a significant increase from the 2012 value of Rs 1,500 to Rs 1,005 per sq.ft, marking a decrease of 33%. The 2023 revision maintained the value at Rs 1,500 per sq.ft, and the same figure has been carried into the 2024 revision, which also stands at Rs 1,500 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 49%, but overall, from 2012 to 2024, the guideline value has remained stable at Rs 1,500 per sq.ft. This consistency reflects the current market conditions for this particular street.

Guideline values in Coonoor Ward - B Block - 1

In Coonoor Ward - B Block - 1, there are 76 streets under the Coonoor_Uthagamandalam SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,500 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Bazaar Street's 2024 figure above that median.

• Barlose Salai (B/36/9): Rs 1,000 per sq.ft (2024)
• Arignar Anna Street (B/26/1 to 94): Rs 1,000 per sq.ft (2024)
• Ambethkar Street: Rs 300 per sq.ft (2024)
• Church Hill Area (B/39/1 to 42): Rs 1,000 per sq.ft (2024)
• Allai Sait Compound (B/20/1 to 26): Rs 1,000 per sq.ft (2024)
• College Road 1 Part (B/14/1 to 95): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bazaar Street (B/19/66 to 135)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total charges Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bazaar Street (B/19/66 to 135)?

The Sub Registrar Office that covers Bazaar Street (B/19/66 to 135) is the Coonoor_Uthagamandalam Sub Registrar Office, located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Coonoor Ward - B Block - 1

The guideline value is a crucial factor during the registration of property transactions in Coonoor Ward - B Block - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps establish a transparent framework for pricing, as it reflects the official valuation set by the registration department. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher amount will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Bazaar Street (B/19/66 to 135)?

The current guideline value of Bazaar Street (B/19/66 to 135) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft in the 2012, 2023, and 2024 revisions. The 2017 revision saw a decrease to Rs 1,005 per sq.ft, while the 2023 revision maintained the value at Rs 1,500 per sq.ft.

What is the land classification for Bazaar Street (B/19/66 to 135)?

The land classification for Bazaar Street (B/19/66 to 135) is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Sub Registrar Office for Bazaar Street (B/19/66 to 135) located?

The Sub Registrar Office for Bazaar Street (B/19/66 to 135) is located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.

How is the stamp duty calculated for property transactions in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000.