Guideline Value for Charring Cross Road E/16/68

Charring Cross Road E/16/68 guideline value

The current guideline value of Charring Cross Road E/16/68 is Rs 4,250 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 Special Type - I.

How the guideline value of Charring Cross Road E/16/68 has changed

The guideline value for Charring Cross Road E/16/68 has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,848 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased significantly to Rs 4,251 per sq.ft, marking a 49% rise. However, the 2023 to 2024 revision saw a slight decrease to Rs 4,250 per sq.ft, reflecting a change of 0%.

There are no figures available for the revisions in 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, with a median value of Rs 1,800 per sq.ft. The guideline value for Charring Cross Road E/16/68 is above this median.

• Charring Cross E/19/227,228,222, E/16/69: Rs 4,251 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 Road E/16/68

For a 1,000 sq.ft plot at the current guideline value of Rs 4,250 per sq.ft, the total guideline value amounts to Rs 42,50,000. The stamp duty at 7% would be Rs 2,97,500, and the registration fee at 2% would be Rs 85,000, bringing the total to Rs 3,82,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Charring Cross Road E/16/68?

The Sub Registrar Office that covers Charring Cross Road E/16/68 is the Uthagamandalam -Joint I Sub Registrar Office. The address is Uthagamandalam -joint I SRO, Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions in Ooty Town, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is crucial to provide accurate information regarding the property size and location to ensure the correct guideline value is applied. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Charring Cross Road E/16/68?

The current guideline value of Charring Cross Road E/16/68 is Rs 4,250 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 finally adjusted to Rs 4,250 per sq.ft in 2024.

What is the land classification of Charring Cross Road E/16/68?

The land classification of Charring Cross Road E/16/68 is Commercial Special Type - I.

Where can I find the registration office for Charring Cross Road E/16/68?

The registration office for Charring Cross Road 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 stamp duty calculated for properties in Ooty Town?

Stamp duty for properties in Ooty Town is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 42,50,000, the stamp duty at 7% would amount to Rs 2,97,500.