Guideline Value for Commercial Road (part) E/16/68

Commercial Road (part) E/16/68 guideline value

The current guideline value for Commercial Road (part) E/16/68 is Rs 4,251 per sq.ft, effective from 1 July 2024. This property is located in Ooty Town village and falls under the Uthagamandalam -Joint I SRO. The land classification is Commercial Class I Type - I.

How the guideline value of Commercial Road (part) E/16/68 has changed

The guideline value for this street has seen several revisions over the years. In the 2012 revision, the value was Rs 4,000 per sq.ft, which decreased to Rs 2,848 per sq.ft in 2017. This marked a decline of 29%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 4,251 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the current 2024 figure, there has been a slight increase of 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 among these streets is Rs 1,800 per sq.ft, placing the guideline value of Commercial Road (part) E/16/68 above the median.

• Commissioner Road E/7/107: Rs 1,800 per sq.ft (2024)
• Convent Line: Rs 1,250 per sq.ft (2024)
• Coonor Road J/5/61: Rs 4,251 per sq.ft (2024)
• Coonor Road (lovedale Harijana Colony) K/6/54: Rs 500 per sq.ft (2024)
• Coonor Road Part: Rs 4,251 per sq.ft (2024)
• Coonor Road (part) D/6/16: Rs 4,251 per sq.ft (2024)

Stamp duty and registration fee for property in Commercial Road (part) E/16/68

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 is charged at 7%, which totals Rs 2,97,570, and the registration fee is 2%, amounting to Rs 85,020. Together, the total cost for stamp duty and registration fee comes to Rs 3,82,590. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Commercial Road (part) E/16/68?

The Sub Registrar Office that covers Commercial Road (part) 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.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ooty Town. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standard value set by the government.

When buying or selling property, the guideline value is used to determine the official value of the property, which is essential for legal documentation and tax purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Commercial Road (part) E/16/68?

The current guideline value of Commercial Road (part) E/16/68 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 seen various revisions, with the most recent being Rs 4,251 per sq.ft in 2024, which remained the same as in 2023. It was Rs 2,848 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012.

What is the registration office for this property?

The registration office covering Commercial Road (part) E/16/68 is the Uthagamandalam -Joint I Sub Registrar Office, located on Govt Arts College Road, Stone House Hill, Ooty Town.

What are the stamp duty and registration fees for this property?

The stamp duty for a property valued at Rs 42,51,000 is Rs 2,97,570, and the registration fee is Rs 85,020, totaling Rs 3,82,590.

How does the guideline value affect property transactions?

The guideline value is used to determine the official value of a property during registration, which influences the stamp duty and registration fees. This ensures that property transactions are conducted fairly and transparently.