Guideline Value for College Road 1 Part (B/14/1 to 95)

College Road 1 Part (B/14/1 to 95) guideline value

The current guideline value for College Road 1 Part (B/14/1 to 95) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in the village of Coonoor Ward - B Block - 1 and falls under the Coonoor_Uthagamandalam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of College Road 1 Part (B/14/1 to 95) has changed

The guideline value for College Road 1 Part (B/14/1 to 95) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,000 per sq.ft. The 2017 revision saw a decrease to Rs 670 per sq.ft, marking a significant drop of 33% from the 2012 figure. Between the 2017 and 2023 revisions, there was a notable increase of 49%, bringing the value back to Rs 1,000 per sq.ft, which has remained consistent into the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 to the 2024 revision, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

Guideline values in Coonoor Ward - B Block - 1

In Coonoor Ward - B Block - 1, there are a total of 76 streets that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,500 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value for College Road 1 Part (B/14/1 to 95).

• College Road South (B/14/1 to 95): Rs 1,000 per sq.ft (2024)
• Coonoor Club Road (B/3/ 1 to 31): Rs 1,000 per sq.ft (2024)
• Coonoor Mettupalayam Road East(Katteri Keelkundha): Rs 600 per sq.ft (2024)
• Coonoor Mettupalayam Road South (Katteri South) (B/59/16 to 23): Rs 600 per sq.ft (2024)
• Church Hill Area (B/39/1 to 42): Rs 1,000 per sq.ft (2024)
• Cross Bazaar Street East (1 Part) (B/27/45 to 127): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in College Road 1 Part (B/14/1 to 95)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers College Road 1 Part (B/14/1 to 95)?

The College Road 1 Part (B/14/1 to 95) 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Coonoor Ward - B Block - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, either through the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for College Road 1 Part (B/14/1 to 95)?

The current guideline value for College Road 1 Part (B/14/1 to 95) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained unchanged.

Which Sub Registrar Office covers College Road 1 Part (B/14/1 to 95)?

The Coonoor_Uthagamandalam Sub Registrar Office covers College Road 1 Part (B/14/1 to 95), located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the higher of the guideline value or the sale price.

What is the land classification for College Road 1 Part (B/14/1 to 95)?

The land classification for College Road 1 Part (B/14/1 to 95) is Residential Class I Type - I, indicating its suitability for residential purposes.