Guideline Value for Bombay Castle D/2/23

Bombay Castle D/2/23 guideline value

The current guideline value of Bombay Castle D/2/23 is Rs 1,800 per sq.ft. This property is located in Ooty Town village, under the Uthagamandalam -Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bombay Castle D/2/23 has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft, marking a decline of 33%. The next revision in 2023 brought the value back to Rs 1,800 per sq.ft, which was retained in the 2024 revision as well, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% to return to the 2012 value of Rs 1,800 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained the same, indicating stability in the value for this street.

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 for these streets is Rs 1,800 per sq.ft, which is equal to the guideline value of Bombay Castle D/2/23.

• Bombay Hall: Rs 1,800 per sq.ft (2024)
• Brick Field Road F/6/14: Rs 1,800 per sq.ft (2024)
• Burnfoot (Near Ettines Salai) D/1/2: Rs 4,251 per sq.ft (2024)
• Bus Stand G/5/12,H/2/2,H/1/4: Rs 1,800 per sq.ft (2024)
• Butcher Street E/9/1: Rs 1,500 per sq.ft (2024)
• Butfire A/8/11: Rs 1,250 per sq.ft (2024)

Stamp duty and registration fee for property in Bombay Castle D/2/23

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bombay Castle D/2/23?

The Sub Registrar Office that covers Bombay Castle D/2/23 is the Uthagamandalam -Joint I Sub Registrar Office. The address is Uthagamandalam -joint I SRO, Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ooty Town, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the appropriate taxes are paid to the government.

It is important for buyers and sellers to be aware of the guideline value, as it can impact the overall costs associated with property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Bombay Castle D/2/23?

The current guideline value of Bombay Castle D/2/23 is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable decrease from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, followed by an increase back to Rs 1,800 per sq.ft in 2023 and 2024.

What is the land classification of Bombay Castle D/2/23?

Bombay Castle D/2/23 is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Bombay Castle D/2/23 is located at Uthagamandalam -joint I SRO, Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

How is stamp duty calculated for properties in Ooty Town?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 18,00,000, the stamp duty at 7% would be Rs 1,26,000.