Guideline Value for Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643)

Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643) guideline value

The current guideline value for Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643) is Rs 226 per sq.ft, effective from 1 July 2024. This property is located in Bikkatty village under the Uthagamandalam -Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643) has changed

The guideline value for Bikkatty-Ooty Road has undergone several revisions since 2012. In 2012, the guideline value was Rs 225 per sq.ft, which decreased to Rs 151 per sq.ft in 2017, reflecting a decline of 33%. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 226 per sq.ft in 2023. The 2024 revision maintains this value at Rs 226 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the values mentioned reflect only the revisions from 2012 onwards, with the overall change from 2012 to 2024 being 0%.

Guideline values in Bikkatty

Currently, the Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643) guideline value is aligned with the guideline value for other streets in Bikkatty. The following are the other streets in Bikkatty under the Uthagamandalam -Joint II SRO:

• Bikkatty Atti (633,638,639,640,641,645,646,647,648,649,650,651,652): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643)

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty is charged at 7%, which totals Rs 15,820, and the registration fee is charged at 2%, amounting to Rs 4,520. Together, the total fees would be Rs 20,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643)?

The Bikkatty-Ooty Road is covered by the Uthagamandalam -Joint II Sub Registrar Office, located at Jail Hill, Taluk Office Compound, Ooty- 643 001, Coimbatore registration zone. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Bikkatty. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to understand that the guideline value is set by the government and can vary based on location and property type. This value helps ensure that the transaction is recorded accurately and fairly in the official records.

Frequently asked questions

What is the current guideline value for Bikkatty-Ooty Road?

The current guideline value for Bikkatty-Ooty Road (117,118,119,120,122,123,124,125,126,127,177,642,643) is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023 and remains the same in 2024.

What are the stamp duty and registration fees for property in Bikkatty?

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total fees would be Rs 20,340, which includes a stamp duty of Rs 15,820 and a registration fee of Rs 4,520.

Which office handles registrations for Bikkatty?

The Uthagamandalam -Joint II Sub Registrar Office handles registrations for Bikkatty-Ooty Road, located at Jail Hill, Taluk Office Compound, Ooty- 643 001, Coimbatore registration zone.

How is the guideline value determined?

The guideline value is determined by the government and is based on various factors, including land classification and location. It serves as a reference point for calculating stamp duty and registration fees during property transactions.