Guideline Value for COONOOR ROAD (1025,288,284)

Coonoor Road (1025,288,284) guideline value

The current guideline value for Coonoor Road (1025,288,284) is Rs 715 per sq.ft, effective from 1 July 2024. This street is located in Kotagiri -1 village, under the Kothagiri SRO, and is classified as Commercial Special Type - II.

How the guideline value of Coonoor Road (1025,288,284) has changed

The guideline value for Coonoor Road has seen several revisions over the years. The 2017 revision set the value at Rs 435 per sq.ft. This increased significantly to Rs 650 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline 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 does not have 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 that carry a 2024 guideline value, ranging from Rs 200 to Rs 825 per sq.ft, with a median value of Rs 300 per sq.ft. Coonoor Road's 2024 figure of Rs 715 per sq.ft is above this median.

• Club Road: Rs 653 per sq.ft (2024)
• Chikkattu Bettu: Rs 300 per sq.ft (2024)
• Dhimbatty: Rs 300 per sq.ft (2024)
• Dhrmona: Rs 653 per sq.ft (2024)
• Donbosco: Rs 651 per sq.ft (2024)
• Donnington: Rs 653 per sq.ft (2024)

Stamp duty and registration fee for property in Coonoor Road (1025,288,284)

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value amounts to Rs 7,15,000. The stamp duty, charged at 7%, would be Rs 50,050, and the registration fee at 2% would be Rs 14,300, bringing the total cost for these fees to Rs 64,350. It is important to note that 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 details.

Which Sub Registrar Office covers Coonoor Road (1025,288,284)?

The Coonoor Road (1025,288,284) falls under the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kotagiri -1. It serves as a baseline for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Coonoor Road?

The current guideline value for Coonoor Road (1025,288,284) is Rs 715 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 435 per sq.ft to Rs 715 per sq.ft as of the 2024 revision.

What is the registration office for Coonoor Road?

The registration office for Coonoor Road (1025,288,284) is the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone.

How is stamp duty calculated for properties in Coonoor Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 50,050.

What are the other streets in Kotagiri -1 with their guideline values?

Other streets in Kotagiri -1 include Club Road at Rs 653 per sq.ft, Chikkattu Bettu and Dhimbatty both at Rs 300 per sq.ft, and Dhrmona, Donbosco, and Donnington at Rs 653 and Rs 651 per sq.ft respectively.