Guideline Value for Butcher Street E/9/1

Butcher Street E/9/1 guideline value

The current guideline value for Butcher Street E/9/1 is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Ooty Town village and falls under the Uthagamandalam -Joint I SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Butcher Street E/9/1 has changed

The guideline value for Butcher Street E/9/1 has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which increased to Rs 1,005 per sq.ft in 2017. This marks a change of +1%. The value then rose significantly to Rs 1,500 per sq.ft in 2023 and remained the same in 2024, indicating a change of +49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value increased by +50%.

The register has no figures for the years 2002, 2003, and 2007. The 2024 revision reflects a consistent value of Rs 1,500 per sq.ft, which is the same as the previous year's figure.

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 for Butcher Street E/9/1 is below this median.

• Butfire A/8/11: Rs 1,250 per sq.ft (2024)
• Bus Stand G/5/12,H/2/2,H/1/4: Rs 1,800 per sq.ft (2024)
• Burnfoot (Near Ettines Salai) D/1/2: Rs 4,251 per sq.ft (2024)
• Cash Bazaar E/16/68: Rs 4,251 per sq.ft (2024)
• Brick Field Road F/6/14: Rs 1,800 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 Butcher Street E/9/1

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Butcher Street E/9/1?

The Sub Registrar Office that covers Butcher Street E/9/1 is the Uthagamandalam -Joint I Sub Registrar Office, located at Uthagamandalam -joint I SRO, Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone. You can find your SRO here.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ooty Town. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller comply with the legal requirements. This value is essential for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Butcher Street E/9/1?

The current guideline value for Butcher Street E/9/1 is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, marking an overall increase of +50% over this period.

What are the stamp duty and registration fees for a property in Butcher Street E/9/1?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 1,35,000, based on the current guideline value of Rs 15,00,000.

Which office registers properties in Butcher Street E/9/1?

The Uthagamandalam -Joint I Sub Registrar Office is responsible for registering properties in Butcher Street E/9/1.

What is the land classification for Butcher Street E/9/1?

The land classification for Butcher Street E/9/1 is Residential Class I Type - II.