Guideline Value for Cash Bazaar E/16/68

Cash Bazaar E/16/68 guideline value

The current guideline value of Cash Bazaar E/16/68 is Rs 4,251 per sq.ft. This property is located in Ooty Town village and falls under the Uthagamandalam -Joint I SRO with a land classification of Commercial Class I Type - I.

How the guideline value of Cash Bazaar E/16/68 has changed

The guideline value for Cash Bazaar E/16/68 has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which decreased to Rs 2,848 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 4,251 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO with a 2024 guideline value range from Rs 500 to Rs 4,251 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, making the guideline value of Cash Bazaar E/16/68 above that median.

• Butfire A/8/11: Rs 1,250 per sq.ft (2024)
• 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)
• Charring Cross E/19/227,228,222, E/16/69: Rs 4,251 per sq.ft (2024)
• Charring Cross Road E/16/68: Rs 4,250 per sq.ft (2024)

Stamp duty and registration fee for property in Cash Bazaar E/16/68

For a 1,000 sq.ft plot at the current guideline value of Rs 4,251 per sq.ft, the total guideline value would be Rs 42,51,000. The stamp duty at 7% would amount to Rs 2,97,570, and the registration fee at 2% would be Rs 85,020, resulting in a total of Rs 3,82,590. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cash Bazaar E/16/68?

The Sub Registrar Office that covers Cash Bazaar E/16/68 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 crucial factor during the registration process when buying or selling property in Ooty Town. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cash Bazaar E/16/68?

The current guideline value of Cash Bazaar E/16/68 is Rs 4,251 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,848 per sq.ft in 2017, and then increased to Rs 4,251 per sq.ft in 2023, remaining the same in 2024.

What is the land classification for Cash Bazaar E/16/68?

Cash Bazaar E/16/68 is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Cash Bazaar E/16/68 is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ooty Town?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.