Guideline Value for Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue

Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue guideline value

The current guideline value for Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Coonoor Ward - C Block - 1 under the Coonoor_Uthagamandalam SRO, classified as Commercial Class I Type - I.

How the guideline value of Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision had a lower value of Rs 737 per sq.ft, indicating a significant increase of 49% to reach the 2023 figure. There are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, the guideline value has remained constant at Rs 1,100 per sq.ft. This consistency reflects stability in the valuation for this particular street.

Guideline values in Coonoor Ward - C Block - 1

In Coonoor Ward - C Block - 1, there are 29 streets that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,100 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing the Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue's 2024 figure above the median.

• Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk: Rs 1,100 per sq.ft (2024)
• Carolina Tea Estate Road South (C/12/1 to 26): Rs 800 per sq.ft (2024)
• Carolina Tea Estate Road (C/12/1 to 20): Rs 800 per sq.ft (2024)
• Chandra Colony (C/10/ All Survey Nos.): Rs 800 per sq.ft (2024)
• Balaclava South (C/16/1 to 83): Rs 800 per sq.ft (2024)
• Manickapillai Line (C/6/1 to 65): Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue?

The Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue is covered by the Coonoor_Uthagamandalam Sub Registrar Office, located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Coonoor Ward - C Block - 1

The guideline value is a crucial factor when registering property transactions in Coonoor Ward - C Block - 1. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When selling or buying property, it is essential to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Buyers and sellers should ensure that the sale price meets or exceeds the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value for Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue?

The current guideline value for Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 1,100 per sq.ft in both 2023 and 2024. The value was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012.

What is the land classification for this area?

The land classification for Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue is Commercial Class I Type - I.

What are the stamp duty and registration fees for properties here?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Where is the Sub Registrar Office located?

The Coonoor_Uthagamandalam Sub Registrar Office is located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.