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

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

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

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

The guideline value for Cross Bazaar Street East has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. Following this, the 2023 revision restored the value back to Rs 1,500 per sq.ft, and this figure has remained consistent through to the 2024 revision, which also lists it at Rs 1,500 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Examining the changes between revisions, from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has shown no change, maintaining the same figure of Rs 1,500 per sq.ft.

Guideline values in Coonoor Ward - B Block - 1

In Coonoor Ward - B Block - 1, there are 76 streets under the Coonoor_Uthagamandalam SRO with 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 (1 Part) (B/27/45 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 (B/27/1 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 would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Cross Bazaar Street East 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 - B Block - 1

The guideline value serves as a benchmark for property transactions in Coonoor Ward - B Block - 1. When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs reflect the current market standards.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall costs associated with property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Cross Bazaar Street East (B/27/1 to 127)?

The current guideline value for Cross Bazaar Street East (B/27/1 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 several revisions, with the most recent being Rs 1,500 per sq.ft in both 2023 and 2024. It previously dropped to Rs 1,005 per sq.ft in 2017 from Rs 1,500 per sq.ft in 2012.

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 stamp duty and registration fees for property in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Cross Bazaar Street East is located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.