Guideline Value for Cross Bazaar Street West (B/27/1 To 127)

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

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

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

In the 2012 revision, the guideline value for Cross Bazaar Street West was Rs 1,500 per sq.ft. This figure remained unchanged in the 2017 revision, which also recorded Rs 1,005 per sq.ft. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and it has stayed the same in the 2024 revision, showing a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed, reflecting a 0% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street.

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 guideline value for these streets is Rs 1,000 per sq.ft, making the current value of Cross Bazaar Street West above that median.

• Cross Bazaar Street East (B/27/1 to 127): Rs 1,500 per sq.ft (2024)
• Cross Bazaar Street East (1 Part) (B/27/45 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 West (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. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Cross Bazaar Street West (B/27/1 to 127) 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 is a crucial factor in the registration process of property transactions in Coonoor Ward - B Block - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

The current guideline value for Cross Bazaar Street West (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 was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Cross Bazaar Street West?

Cross Bazaar Street West (B/27/1 to 127) falls under the Commercial Class I Type - I land classification.

What are the other streets in Coonoor Ward - B Block - 1?

Other streets in Coonoor Ward - B Block - 1 include Cross Bazaar Street East, Cross Bazaar Street East (1 Part), Coonoor Mettupalayam Road South, Coonoor Mettupalayam Road East, Coonoor Club Road, and College Road South, each with their respective guideline values.

Where is the Sub Registrar Office located for this area?

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