Guideline Value for Convent Line

Convent Line guideline value

The current guideline value of Convent Line is Rs 1,250 per sq.ft, effective from 1 July 2024. This street is located in Ooty Town village and falls under the Uthagamandalam -Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Convent Line has changed

The guideline value for Convent Line has seen several revisions over the years. The most recent revisions are as follows: in 2024, the value is Rs 1,250 per sq.ft, which is unchanged from the 2023 revision, where it was also Rs 1,250 per sq.ft. The 2017 revision recorded a value of Rs 837 per sq.ft, showing a significant increase of 49% from 2017 to 2023. In 2012, the value was Rs 1,250 per sq.ft, which represents a decrease of 33% from the 2017 figure. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 1,250 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only figures available are from the revisions in 2012, 2017, 2023, and 2024.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO that carry a guideline value for 2024, ranging from Rs 500 to Rs 4,251 per sq.ft. The median guideline value for these streets is Rs 1,800 per sq.ft, placing Convent Line's 2024 figure below this median.

• Commissioner Road E/7/107: Rs 1,800 per sq.ft (2024)
• Commercial Road (part) E/16/68: Rs 4,251 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 Convent Line

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, leading to a total of Rs 1,12,500 for both fees. It is important to note that 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 Convent Line?

The Sub Registrar Office that covers Convent Line 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 a crucial factor when registering property transactions in Ooty Town. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Convent Line?

The current guideline value of Convent Line is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,250 per sq.ft in both 2023 and 2024. It was Rs 837 per sq.ft in 2017 and Rs 1,250 per sq.ft in 2012.

What is the median guideline value in Ooty Town?

The median guideline value for the 209 streets in Ooty Town under the Uthagamandalam -Joint I SRO is Rs 1,800 per sq.ft, which is higher than Convent Line's current value.

What are the stamp duty and registration fees for Convent Line?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 1,250 per sq.ft, the total fees amount to Rs 1,12,500.

Where can I find the Sub Registrar Office for Convent Line?

The Sub Registrar Office for Convent Line is located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.