Guideline Value for BOYAR LANE

Boyar Lane guideline value

The current guideline value of Boyar Lane is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village under the Udumalpettai SRO and falls under the Residential Class V Type - I land classification.

How the guideline value of Boyar Lane has changed

The guideline value for Boyar Lane has seen several revisions over the years. In the 2003 revision, the guideline value was set at Rs 85 per sq.ft. This increased significantly to Rs 350 per sq.ft in 2012, marking a 312% increase. However, it then decreased to Rs 234 per sq.ft in the 2017 revision, a drop of 33%. The value rose again to Rs 350 per sq.ft in the 2023 revision, and the most recent revision in 2024 set the value at Rs 380 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 347%. It is important to note that the register has no figures for Boyar Lane in the years 2002 and 2007.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft, with a median value of Rs 500 per sq.ft. Boyar Lane's 2024 figure is below this median.

• Bye Bass Road: Rs 1,450 per sq.ft (2024)
• Chinnasamylayout: Rs 775 per sq.ft (2024)
• Chinnaveerampatti(1-22,29,30,56): Rs 380 per sq.ft (2024)
• Chinnaveerampatti(3-12,16,154): Rs 475 per sq.ft (2024)
• Chinnaveerampatti Kudiyiruppu: Rs 380 per sq.ft (2024)
• Dharapuram Road: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Boyar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total fees to Rs 34,200. It is important to note that 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 Boyar Lane?

The Sub Registrar Office that covers Boyar Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial factor in property transactions in Ward - B. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees during the sale process.

When buying or selling property, the guideline value helps ensure that the transaction is registered at a fair value, reflecting the current market conditions as assessed by the registration department. This value is used to determine the applicable taxes and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Boyar Lane?

The current guideline value of Boyar Lane is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2003 to Rs 380 per sq.ft in 2024, with various revisions in between, including a peak of Rs 350 per sq.ft in 2023.

What is the land classification for Boyar Lane?

Boyar Lane falls under the Residential Class V Type - I land classification, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Boyar Lane?

The Sub Registrar Office for Boyar Lane is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.

How is the stamp duty calculated for property in Boyar Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,80,000, the stamp duty at 7% would be Rs 26,600.