Guideline Value for Coonor Road (part) D/6/16

Coonor Road (part) D/6/16 guideline value

The current guideline value of Coonor Road (part) D/6/16 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 for this area is Commercial Class I Type - I.

How the guideline value of Coonor Road (part) D/6/16 has changed

Over the years, the guideline value for Coonor Road (part) D/6/16 has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which later decreased to Rs 2,848 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 4,251 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is an increase of 6%.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO, with guideline values 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, indicating that Coonor Road (part) D/6/16's 2024 figure is above the median.

• Coonor Road Part: Rs 4,251 per sq.ft (2024)
• Coonor Road (lovedale Harijana Colony) K/6/54: Rs 500 per sq.ft (2024)
• Coonor Road J/5/61: Rs 4,251 per sq.ft (2024)
• Convent Line: Rs 1,250 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Coonor Road (part) D/6/16

For a 1,000 sq.ft plot at the current guideline value of Rs 4,251 per sq.ft, the guideline value totals Rs 42,51,000. The stamp duty at 7% amounts to Rs 2,97,570, and the registration fee at 2% is Rs 85,020, making the total charges Rs 3,82,590. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Coonor Road (part) D/6/16?

The Sub Registrar Office that covers Coonor Road (part) D/6/16 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Ooty Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the property's value as recognized by the local authorities. This process is essential for maintaining transparency and consistency in real estate transactions.

Frequently asked questions

What is the current guideline value of Coonor Road (part) D/6/16?

The current guideline value of Coonor Road (part) D/6/16 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 changed from Rs 4,000 per sq.ft in 2012 to Rs 2,848 per sq.ft in 2017, then increased to Rs 4,251 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Coonor Road (part) D/6/16?

The land classification for Coonor Road (part) D/6/16 is Commercial Class I Type - I.

How do I calculate stamp duty for a property on Coonor Road (part) D/6/16?

To calculate the stamp duty, you take the guideline value and apply the stamp duty rate of 7%. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 42,51,000, resulting in a stamp duty of Rs 2,97,570.

Where can I find the Sub Registrar Office for Coonor Road (part) D/6/16?

The Sub Registrar Office for Coonor Road (part) D/6/16 is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.