Guideline Value for Cash Bazaar/Coonoor To Ooty Road /Kamarajar Statue To Balavasavi Petrol Bunk

Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk guideline value

The current guideline value for Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk 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 and is classified as Commercial Class I Type - I.

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

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,100 per sq.ft. The 2017 revision saw a significant increase to Rs 737 per sq.ft, marking a 33% decrease from the 2012 figure. Overall, from 2012 to 2024, the value has remained stable at Rs 1,100 per sq.ft.

From 2017 to 2023, the value increased by 49%. The 2024 revision, which is effective from 1 July 2024, maintains the guideline value at Rs 1,100 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this 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, with a median value of Rs 800 per sq.ft. The guideline value for Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk is above this median.

• Cash Bazaar/Coonoor to Ooty Road /Bustand to Kamarajar Statue: 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 /Kamarajar Statue to Balavasavi Petrol Bunk

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is 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, making the total cost for these fees Rs 99,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk?

The Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk falls under the jurisdiction of 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 an essential factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value is crucial for compliance with local regulations.

Frequently asked questions

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

The current guideline value for Cash Bazaar/Coonoor to Ooty Road /Kamarajar Statue to Balavasavi Petrol Bunk 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 seen several revisions. It was Rs 1,100 per sq.ft in 2012, dropped to Rs 737 per sq.ft in 2017, and then returned to Rs 1,100 per sq.ft in both 2023 and 2024.

What is the land classification for this area?

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

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.