Guideline Value for Butfire A/8/11

Butfire A/8/11 guideline value

The current guideline value of Butfire A/8/11 is Rs 1,250 per sq.ft, effective from 1 July 2024. This property is located in Ooty Town village, under the Uthagamandalam -Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Butfire A/8/11 has changed

The guideline value for Butfire A/8/11 has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,250 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 837 per sq.ft, marking a decrease of 33%. The value then increased significantly in the 2023 revision to Rs 1,250 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been no net change, as the value returned to Rs 1,250 per sq.ft after fluctuating over the years. The register has no figures for the years 2002, 2003, and 2007 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, with a median value of Rs 1,800 per sq.ft. Butfire A/8/11's 2024 figure is below this median.

• Butcher Street E/9/1: Rs 1,500 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 Butfire A/8/11

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty is charged at 7%, totaling Rs 87,500, while the registration fee at 2% comes to Rs 25,000. Together, the total cost for these fees is Rs 1,12,500. It is important to 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 further calculations.

Which Sub Registrar Office covers Butfire A/8/11?

The Sub Registrar Office that covers Butfire A/8/11 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 details.

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

The guideline value plays a crucial role during property transactions in Ooty Town. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Butfire A/8/11?

The current guideline value of Butfire A/8/11 is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then back to Rs 1,250 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the stamp duty and registration fees for Butfire A/8/11?

For a 1,000 sq.ft plot at the current guideline value of Rs 12,50,000, the stamp duty is Rs 87,500 and the registration fee is Rs 25,000, totaling Rs 1,12,500.

Which office handles property registrations for Butfire A/8/11?

The Uthagamandalam -Joint I Sub Registrar Office handles property registrations for Butfire A/8/11, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001.

What is the land classification for Butfire A/8/11?

Butfire A/8/11 is classified as Residential Class I Type - III, which indicates its suitability for residential development.