Guideline Value for Broke House Chellaram Telephone Exchange (A/25/1 To 52, A/24/1 To 66)

Broke House Chellaram Telephone Exchange (A/25/1 to 52, A/24/1 to 66) guideline value

The current guideline value for Broke House Chellaram Telephone Exchange (A/25/1 to 52, A/24/1 to 66) is Rs 800 per sq.ft. This property is located in Coonoor Ward - A Block - 1 under the Coonoor_Uthagamandalam SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Broke House Chellaram Telephone Exchange (A/25/1 to 52, A/24/1 to 66) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a drop of 33%. However, the value rose significantly by 49% to Rs 800 per sq.ft in the 2023 revision. The 2024 revision has maintained this figure, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

Guideline values in Coonoor Ward - A Block - 1

In Coonoor Ward - A Block - 1, there are 24 streets that carry a 2024 guideline value ranging from Rs 600 to Rs 1,500 per sq.ft, with a median of Rs 800 per sq.ft. The guideline value for Broke House Chellaram Telephone Exchange matches this median.

• Brook Lands (A/28/12/1A1)(Broke View Area (A/28/1 to 46)): Rs 1,500 per sq.ft (2024)
• Boran Alvarpettai (A/26/1 to 71): Rs 800 per sq.ft (2024)
• Cornwall Road West (A/24/1 to 66): Rs 800 per sq.ft (2024)
• Attadi Road (A/35/1 to 17): Rs 800 per sq.ft (2024)
• Attadi Road (A/35/19 to 31): Rs 800 per sq.ft (2024)
• Attadi Road (A/35/18): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Broke House Chellaram Telephone Exchange (A/25/1 to 52, A/24/1 to 66)

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, resulting in a total of Rs 72,000 for these fees. 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 Broke House Chellaram Telephone Exchange (A/25/1 to 52, A/24/1 to 66)?

The Sub Registrar Office that covers Broke House Chellaram Telephone Exchange 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Coonoor Ward - A Block - 1. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Broke House Chellaram Telephone Exchange?

The current guideline value for Broke House Chellaram Telephone Exchange (A/25/1 to 52, A/24/1 to 66) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has varied over the years, with a decrease to Rs 536 per sq.ft in 2017, followed by an increase back to Rs 800 per sq.ft in 2023 and remaining the same in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office should I visit for property registration?

The Coonoor_Uthagamandalam Sub Registrar Office covers the Broke House Chellaram Telephone Exchange area. It is located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102.

What land classification does Broke House Chellaram Telephone Exchange fall under?

Broke House Chellaram Telephone Exchange is classified under Residential Class I Type - II, indicating its suitability for residential purposes.