Guideline Value for Club Road

Club Road guideline value

The current guideline value of Club Road in Ooty Town village, under the Uthagamandalam -Joint I SRO, is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Club Road has changed

The guideline value for Club Road has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it dropped to Rs 1,206 per sq.ft in 2017, before rising again to Rs 1,800 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003.

Between the revisions, the most notable change was from 2007 to 2012, which saw an increase of 620%. Following that, the value decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%, and the guideline value remained unchanged from 2023 to 2024.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO, with the 2024 guideline values ranging from Rs 500 to Rs 4,251 per sq.ft. The median value is Rs 1,800 per sq.ft, which is equal to the guideline value for Club Road.

• Collector Office Road C/13/38: Rs 4,251 per sq.ft (2024)
• Commercial Road (part) E/16/68: Rs 4,251 per sq.ft (2024)
• Commissioner Road E/7/107: Rs 1,800 per sq.ft (2024)
• Church Hill Road (part) C/13/28: Rs 1,800 per sq.ft (2024)
• Convent Line: Rs 1,250 per sq.ft (2024)
• Church Hill Road: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Club Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Club Road?

The Sub Registrar Office that covers Club Road 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 an essential factor in the registration process when buying or selling property in Ooty Town. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the property transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Club Road?

The current guideline value of Club Road is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2012, then to Rs 1,206 per sq.ft in 2017, and back to Rs 1,800 per sq.ft in 2023 and 2024.

What are the registration fees for property on Club Road?

The registration fees are calculated based on the guideline value, with a stamp duty of 7% and a registration fee of 2% applicable on the higher of the guideline value or sale price.

Which Sub Registrar Office covers Club Road?

Club Road is covered by the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, Pin-643001, Coimbatore registration zone.

What is the median guideline value in Ooty Town?

The median guideline value in Ooty Town is Rs 1,800 per sq.ft, which is the same as the current guideline value for Club Road.