Guideline Value for Coonoor Club Road (B/3/ 1 to 31)

Coonoor Club Road (B/3/ 1 to 31) guideline value

The current guideline value for Coonoor Club Road (B/3/ 1 to 31) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Coonoor Ward - B Block - 1 under the Coonoor_Uthagamandalam SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Coonoor Club Road (B/3/ 1 to 31) has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, reflecting a 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has seen no change.

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

Guideline values in Coonoor Ward - B Block - 1

In Coonoor Ward - B Block - 1, there are 76 streets under the Coonoor_Uthagamandalam SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,500 per sq.ft. The median value is Rs 1,000 per sq.ft, making the guideline value for Coonoor Club Road (B/3/ 1 to 31) equal to this median.

• 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)
• College Road South (B/14/1 to 95): Rs 1,000 per sq.ft (2024)
• College Road 1 Part (B/14/1 to 95): 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)
• Cross Bazaar Street East (B/27/1 to 127): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Coonoor Club Road (B/3/ 1 to 31)

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

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Coonoor Club Road (B/3/ 1 to 31)?

The Sub Registrar Office covering Coonoor Club Road (B/3/ 1 to 31) is 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 information.

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

The guideline value is a critical factor 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 helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the purchase. Buyers must be aware of these values to ensure they are prepared for the total expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Coonoor Club Road (B/3/ 1 to 31)?

The current guideline value of Coonoor Club Road (B/3/ 1 to 31) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value 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. There were no figures available for the years 2002, 2003, and 2007.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 10,00,000. The stamp duty is calculated at 7%, amounting to Rs 70,000, while the registration fee at 2% is Rs 20,000, totaling Rs 90,000 for both fees.

Which office handles property registrations in Coonoor Club Road (B/3/ 1 to 31)?

The Coonoor_Uthagamandalam Sub Registrar Office handles property registrations for Coonoor Club Road (B/3/ 1 to 31). It is located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is important as it determines the minimum value for property registration and is used to calculate the stamp duty and registration fees during a transaction. Buyers and sellers must consider this value to ensure compliance with registration regulations.