Guideline Value for CARSLY ESTATE (247,248,252,253,249,245,270)

Carsly Estate (247,248,252,253,249,245,270) guideline value

The current guideline value of Carsly Estate (247,248,252,253,249,245,270) is Rs 715 per sq.ft, effective from 1 July 2024. This estate is located in Kotagiri -1 village, under the Kothagiri SRO, and is classified as Commercial Special Type - II.

How the guideline value of Carsly Estate (247,248,252,253,249,245,270) has changed

The guideline value for Carsly Estate has seen several revisions over the years. The 2017 revision set the value at Rs 435 per sq.ft. This increased to Rs 650 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 715 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kotagiri -1

In Kotagiri -1, there are 79 streets under the Kothagiri SRO, with guideline values ranging from Rs 200 to Rs 825 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Carsly Estate's 2024 figure above this median.

• Carsly Road: Rs 653 per sq.ft (2024)
• Bus Stand Panchayat Office: Rs 825 per sq.ft (2024)
• Chikkattu Bettu: Rs 300 per sq.ft (2024)
• Club Road: Rs 653 per sq.ft (2024)
• Coonoor Road: Rs 715 per sq.ft (2024)
• Dhimbatty: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Carsly Estate (247,248,252,253,249,245,270)

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, while the registration fee at 2% would be Rs 14,300, bringing the total to Rs 64,350. 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 information.

Which Sub Registrar Office covers Carsly Estate (247,248,252,253,249,245,270)?

The Sub Registrar Office covering Carsly Estate is the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find your SRO for additional assistance.

How the guideline value is used when you buy or sell in Kotagiri -1

The guideline value is a crucial factor in property transactions in Kotagiri -1. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, 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.

Frequently asked questions

What is the current guideline value of Carsly Estate?

The current guideline value of Carsly Estate (247,248,252,253,249,245,270) is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 435 per sq.ft in 2017 to Rs 715 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Carsly Estate?

The land classification for Carsly Estate (247,248,252,253,249,245,270) is Commercial Special Type - II.

Where can I find the Kothagiri Sub Registrar Office?

The Kothagiri Sub Registrar Office is located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,15,000, the total stamp duty and registration fees would amount to Rs 64,350.