Guideline Value for Brick Field Road F/6/14

Brick Field Road F/6/14 guideline value

The current guideline value of Brick Field Road F/6/14 is Rs 1,800 per sq.ft, effective from the 1st of July 2024. 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 Brick Field Road F/6/14 has changed

The guideline value for Brick Field Road F/6/14 has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. From 2017 to 2023, the value increased significantly by 49% to reach Rs 1,800 per sq.ft again. The 2024 revision has maintained this value, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street in the register.

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, with a median value of Rs 1,800 per sq.ft. The guideline value of Brick Field Road F/6/14 aligns perfectly with this median.

• 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)
• Bombay Hall: Rs 1,800 per sq.ft (2024)
• Bombay Castle D/2/23: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Brick Field Road F/6/14

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, making a total of Rs 1,62,000. 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 detailed calculations.

Which Sub Registrar Office covers Brick Field Road F/6/14?

The Sub Registrar Office that covers Brick Field Road F/6/14 is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ooty Town. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value helps to determine the official value of the property for taxation purposes. This value is essential for both buyers and sellers to understand, as it impacts the overall cost of the transaction and the fees payable to the government.

Frequently asked questions

What is the current guideline value of Brick Field Road F/6/14?

The current guideline value of Brick Field Road F/6/14 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 changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023 and 2024. The value has seen a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for property in Brick Field Road F/6/14?

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,62,000.

Which office handles the registration for Brick Field Road F/6/14?

The Uthagamandalam -Joint I Sub Registrar Office handles the registration for Brick Field Road F/6/14, located on Govt Arts College Road, Stone House Hill, Ooty Town.

What is the land classification for Brick Field Road F/6/14?

Brick Field Road F/6/14 is classified as Residential Class I Type - I, indicating its suitability for residential development.