Guideline Value for Cross Bazaar Street East (1 Part) (B/27/45 to 127)

Cross Bazaar Street East (1 Part) (B/27/45 to 127) guideline value

The current guideline value for Cross Bazaar Street East (1 Part) (B/27/45 to 127) is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Coonoor Ward - B Block - 1 and falls under the Coonoor_Uthagamandalam SRO, classified as Commercial Class I Type - I.

How the guideline value of Cross Bazaar Street East (1 Part) (B/27/45 to 127) has changed

The guideline value for Cross Bazaar Street East has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The value then increased by 49% to Rs 1,500 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that 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 remained at Rs 1,500 per sq.ft, indicating no change despite the fluctuations in earlier revisions.

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 for these streets is Rs 1,000 per sq.ft, placing Cross Bazaar Street East above this median.

• Cross Bazaar Street East (B/27/1 to 127): Rs 1,500 per sq.ft (2024)
• Cross Bazaar Street West (B/27/1 to 127): Rs 1,500 per sq.ft (2024)
• Coonoor Mettupalayam Road South (Katteri South) (B/59/16 to 23): Rs 600 per sq.ft (2024)
• Coonoor Mettupalayam Road East (Katteri Keelkundha): Rs 600 per sq.ft (2024)
• Coonoor Club Road (B/3/ 1 to 31): Rs 1,000 per sq.ft (2024)
• College Road South (B/14/1 to 95): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Cross Bazaar Street East (1 Part) (B/27/45 to 127)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is essential to note that the 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 further calculations.

Which Sub Registrar Office covers Cross Bazaar Street East (1 Part) (B/27/45 to 127)?

The Sub Registrar Office that covers Cross Bazaar Street East (1 Part) (B/27/45 to 127) is the Coonoor_Uthagamandalam Sub Registrar Office, located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, in the 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 crucial 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 recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Cross Bazaar Street East?

The current guideline value for Cross Bazaar Street East (1 Part) (B/27/45 to 127) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Cross Bazaar Street East?

Cross Bazaar Street East is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the registration fees for property in this area?

For a property valued at Rs 15,00,000, the stamp duty is Rs 1,05,000 at 7%, and the registration fee is Rs 30,000 at 2%, totaling Rs 1,35,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for this street?

The Coonoor_Uthagamandalam Sub Registrar Office is located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, in the Coimbatore registration zone.