Guideline Value for Charring Cross E/19/227,228,222, E/16/69

Charring Cross E/19/227,228,222, E/16/69 guideline value

The current guideline value for Charring Cross E/19/227,228,222, E/16/69 is Rs 4,251 per sq.ft, effective from 1 July 2024. This property is located in Ooty Town village, under the Uthagamandalam -Joint I SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Charring Cross E/19/227,228,222, E/16/69 has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure decreased to Rs 2,848 per sq.ft in the 2017 revision, marking a decline of 29%. However, from 2017 to 2023, the value increased significantly to Rs 4,251 per sq.ft, which represents a 49% rise. The current 2024 revision maintains this figure at Rs 4,251 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures 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 that carry a 2024 guideline value ranging from Rs 500 to Rs 4,251 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, positioning Charring Cross E/19/227,228,222, E/16/69 above this median.

• Charring Cross Road E/16/68: Rs 4,250 per sq.ft (2024)
• Cash Bazaar E/16/68: Rs 4,251 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Charring Cross E/19/227,228,222, E/16/69

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

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

Which Sub Registrar Office covers Charring Cross E/19/227,228,222, E/16/69?

The Sub Registrar Office that covers Charring Cross E/19/227,228,222, E/16/69 is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, in the Coimbatore registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ooty Town

The guideline value is a crucial factor in the registration process when buying or selling property in Ooty Town. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When a property is registered, the guideline value helps determine the legal and financial obligations of the buyer. This ensures transparency and compliance with local regulations, making it essential for both buyers and sellers to be aware of the current guideline values.

Frequently asked questions

What is the current guideline value for Charring Cross E/19/227,228,222, E/16/69?

The current guideline value for Charring Cross E/19/227,228,222, E/16/69 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, then increased to Rs 4,251 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for this property?

The land classification for Charring Cross E/19/227,228,222, E/16/69 is Commercial Class I Type - I.

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

The Sub Registrar Office for Charring Cross E/19/227,228,222, E/16/69 is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 42,51,000, the stamp duty would be calculated at 7% of this amount.