Guideline Value for Bus Stand G/5/12,H/2/2,H/1/4

Bus Stand G/5/12,H/2/2,H/1/4 guideline value

The current guideline value for Bus Stand G/5/12,H/2/2,H/1/4 is Rs 1,800 per sq.ft, effective from 1 July 2024. This property is located in Ooty Town village, under the jurisdiction of the Uthagamandalam -Joint I SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Bus Stand G/5/12,H/2/2,H/1/4 has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 1,206 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,800 per sq.ft. The 2024 revision also maintained this value, showing no percentage change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 1,800 per sq.ft.

Guideline values in Ooty Town

Ooty Town has a total of 209 streets under the Uthagamandalam -Joint I SRO, with 2024 guideline values ranging from Rs 500 to Rs 4,251 per sq.ft. The median guideline value for these streets is Rs 1,800 per sq.ft, which is equal to the 2024 figure for Bus Stand G/5/12,H/2/2,H/1/4.

• Burnfoot (Near Ettines Salai) D/1/2: Rs 4,251 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)
• Brick Field Road F/6/14: Rs 1,800 per sq.ft (2024)
• Cash Bazaar E/16/68: Rs 4,251 per sq.ft (2024)
• Charring Cross E/19/227,228,222, E/16/69: Rs 4,251 per sq.ft (2024)

Stamp duty and registration fee for property in Bus Stand G/5/12,H/2/2,H/1/4

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the 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, totaling Rs 1,62,000. Duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bus Stand G/5/12,H/2/2,H/1/4?

The Sub Registrar Office that covers Bus Stand G/5/12,H/2/2,H/1/4 is 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 more information.

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

The guideline value is a critical factor in property transactions in Ooty Town, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for their transactions.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty, which is charged at a percentage of either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Bus Stand G/5/12,H/2/2,H/1/4?

The current guideline value for Bus Stand G/5/12,H/2/2,H/1/4 is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this property has seen various changes, with the most recent revision in 2024 maintaining a value of Rs 1,800 per sq.ft. The value increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023.

What are the stamp duty rates for this property?

The stamp duty for properties in this area is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 18,00,000, the stamp duty would amount to Rs 1,26,000.

Where is the Sub Registrar Office located?

The Uthagamandalam -Joint I Sub Registrar Office is located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

How do I calculate the registration fees?

The registration fee is charged at 2% of the guideline value. For a property with a guideline value of Rs 18,00,000, the registration fee would be Rs 36,000.