Guideline Value for Bishopdown

Bishopdown guideline value

The current guideline value of Bishopdown, located in Ooty Town village under the Uthagamandalam -Joint I SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Bishopdown has changed

The guideline value of Bishopdown has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 500 per sq.ft, showing no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 saw an increase of 233%, and overall, from 2007 to 2024, the guideline value has risen by 233% as well. The fluctuations in these values reflect the historical changes in the property market in this area.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 4,251 per sq.ft. The median value is Rs 1,800 per sq.ft, placing Bishopdown's 2024 figure below that median.

• Behind Rohini Theatre F/14/35: Rs 1,800 per sq.ft (2024)
• Beddoms Road: Rs 1,800 per sq.ft (2024)
• Barma Cell Line: Rs 1,800 per sq.ft (2024)
• Barathiyar Street: Rs 1,250 per sq.ft (2024)
• Barathidhasan Street: Rs 1,250 per sq.ft (2024)
• Bank Lane E/15/1,77: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bishopdown

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Please note that the 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 information.

Which Sub Registrar Office covers Bishopdown?

Bishopdown falls under the jurisdiction of 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 serves as a benchmark for property transactions in Ooty Town. It is used to determine the stamp duty and registration fees that must be paid during the buying or selling process.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Bishopdown?

The current guideline value of Bishopdown is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in 2023 and 2024.

What is the median guideline value in Ooty Town?

The median guideline value in Ooty Town is Rs 1,800 per sq.ft, with Bishopdown's 2024 figure being below this median.

What are the stamp duty rates for property in Bishopdown?

The stamp duty rate for property in Bishopdown is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bishopdown?

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