Guideline Value for Dairy Farm

Dairy Farm guideline value

The current guideline value of Dairy Farm, located in Ooty Town village under the Uthagamandalam -Joint I SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - II land classification.

How the guideline value of Dairy Farm has changed

The guideline value for Dairy Farm has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which saw a slight increase to Rs 1,005 per sq.ft in 2017. The 2023 revision maintained this figure at Rs 1,500 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 1,500 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value increased by 1%. The jump from 2017 to 2023 was significant at 49%. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO with a 2024 guideline value ranging from Rs 500 to Rs 4,251 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, making Dairy Farm's 2024 figure of Rs 1,500 per sq.ft below the median.

• Dasprakash Road H/2/32: Rs 1,800 per sq.ft (2024)
• Davisdale H/4/50,D/1/16: Rs 1,800 per sq.ft (2024)
• Coonor Road (part) D/6/16: Rs 4,251 per sq.ft (2024)
• Coonor Road Part: Rs 4,251 per sq.ft (2024)
• Coonor Road (lovedale Harijana Colony)K/6/54: Rs 500 per sq.ft (2024)
• Coonor Road J/5/61: Rs 4,251 per sq.ft (2024)

Stamp duty and registration fee for property in Dairy Farm

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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 to Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dairy Farm?

The Dairy Farm area is covered by 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 during property transactions in Ooty Town. It is used to calculate the stamp duty and registration fees, which are mandatory for property registration at the Sub Registrar Office.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the property's worth according to the government’s assessment. This value is essential for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dairy Farm?

The current guideline value of Dairy Farm 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, with significant increases noted in 2017 and 2023.

What are the stamp duty and registration fees for property in Dairy Farm?

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.

Which office handles property registrations in Dairy Farm?

The Uthagamandalam -Joint I Sub Registrar Office handles property registrations for Dairy Farm, located at Govt Arts College Road, Stone House Hill, Ooty Town.

What is the land classification for Dairy Farm?

Dairy Farm falls under the Residential Class I Type - II land classification, which is relevant for determining its guideline value.