Guideline Value for Coonor Road Part

Coonor Road Part guideline value

The current guideline value for Coonor Road Part in Ooty Town village, under the Uthagamandalam -Joint I SRO, is Rs 4,251 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Coonor Road Part has changed

The guideline value for Coonor Road Part has undergone several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which decreased to Rs 2,848 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 4,251 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

Looking at the changes, from 2017 to 2023, there was an increase of 49%. However, from 2012 to 2017, the value decreased by 29%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 1,800 per sq.ft. Coonor Road Part's 2024 figure is above this median.

• Coonor Road (lovedale Harijana Colony) K/6/54: Rs 500 per sq.ft (2024)
• Coonor Road (part) D/6/16: Rs 4,251 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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,251 per sq.ft, the total guideline value would be Rs 42,51,000. The stamp duty at 7% would amount to Rs 2,97,570, and the registration fee at 2% would be Rs 85,020, bringing the total fees together to Rs 3,82,590. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Coonor Road Part?

The Sub Registrar Office that covers Coonor Road Part 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 buying or selling property in Ooty Town. It determines the minimum value at which a property can be registered, ensuring that the registration process reflects the market conditions accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Coonor Road Part?

The current guideline value of Coonor Road Part 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 are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I go to for property registration in Coonor Road Part?

The Uthagamandalam -Joint I Sub Registrar Office is responsible for property registration in Coonor Road Part.

What is the land classification for Coonor Road Part?

Coonor Road Part is classified as Commercial Class I Type - I.