Guideline Value for Coonor Road J/5/61

Coonor Road J/5/61 guideline value

The current guideline value of Coonor Road J/5/61 is Rs 4,251 per sq.ft. 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 J/5/61 has changed

The guideline value for Coonor Road J/5/61 has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which decreased to Rs 2,848 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach 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 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 21%.

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 value for these streets is Rs 1,800 per sq.ft, placing Coonor Road J/5/61 above this median.

• 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)
• 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 J/5/61

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 at 7% would be Rs 2,97,570, and the registration fee at 2% would be Rs 85,020, bringing the total to Rs 3,82,590. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Coonor Road J/5/61?

The Sub Registrar Office covering Coonor Road J/5/61 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 here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ooty Town. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Coonor Road J/5/61?

The current guideline value of Coonor Road J/5/61 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 3,500 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 J/5/61?

Coonor Road J/5/61 is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Coonor Road J/5/61?

The Sub Registrar Office for Coonor Road J/5/61 is located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, under the Uthagamandalam -Joint I SRO.

How is stamp duty calculated for properties in Ooty Town?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 42,51,000, the stamp duty would be calculated at 7% of that amount.