Guideline Value for Cornwall Road West (A/24/1 to 66)

Cornwall Road West (A/24/1 to 66) guideline value

The current guideline value of Cornwall Road West (A/24/1 to 66) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Coonoor Ward - A Block - 1, under the Coonoor_Uthagamandalam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Cornwall Road West (A/24/1 to 66) has changed

The guideline value for Cornwall Road West has undergone several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 800 per sq.ft.

Guideline values in Coonoor Ward - A Block - 1

In Coonoor Ward - A Block - 1, there are 24 streets under the Coonoor_Uthagamandalam SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 1,500 per sq.ft, with a median value of Rs 800 per sq.ft. Cornwall Road West's 2024 figure aligns with this median.

• Brook Lands (A/28/12/1A1)(Broke View Area (A/28/1 to 46): Rs 1,500 per sq.ft (2024)
• Broke House Chellaram Telephone Exchange (A/25/1 to 52, A/24/1 to 66): Rs 800 per sq.ft (2024)
• Boran Alvarpettai (A/26/1 to 71): Rs 800 per sq.ft (2024)
• Hansan Lodge Area (A/25/1 to 52): Rs 1,500 per sq.ft (2024)
• I T I High Field Salai (A/15/ 1 to 22): Rs 800 per sq.ft (2024)
• Attadi Road (A/35/1 to 17): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Cornwall Road West (A/24/1 to 66)

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Cornwall Road West (A/24/1 to 66)?

The Sub Registrar Office that covers Cornwall Road West (A/24/1 to 66) 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 - A Block - 1

The guideline value is a crucial factor in property transactions in Coonoor Ward - A Block - 1, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated 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 Cornwall Road West (A/24/1 to 66)?

The current guideline value of Cornwall Road West (A/24/1 to 66) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and then returned to Rs 800 per sq.ft in both 2023 and 2024.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000.

Which office handles registrations for Cornwall Road West (A/24/1 to 66)?

The Coonoor_Uthagamandalam Sub Registrar Office handles registrations for Cornwall Road West (A/24/1 to 66), located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102.

What is the land classification of Cornwall Road West (A/24/1 to 66)?

Cornwall Road West (A/24/1 to 66) is classified as Residential Class I Type - II, which indicates its suitability for residential development.