Guideline Value for BOYAR STREET

Boyar Street guideline value

The current guideline value of Boyar Street is Rs 475 per sq.ft, effective from 1 July 2024. This street is located in Ward - C village, under the Udumalpettai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Boyar Street has changed

The guideline value for Boyar Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 116 per sq.ft. This increased significantly to Rs 425 per sq.ft in 2012, marking a rise of 266%. However, from 2012 to 2017, the value decreased to Rs 285 per sq.ft, a drop of 33%. The guideline value then rose to Rs 426 per sq.ft in 2023, an increase of 49%, and finally reached Rs 475 per sq.ft in the 2024 revision, reflecting a 12% increase.

It is important to note that there are no figures available for Boyar Street in the 2002 and 2007 revisions. Overall, from 2003 to 2024, the guideline value has increased by 309%.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median guideline value in this ward is Rs 475 per sq.ft, which is equal to the current value of Boyar Street.

• Chellamuthu Street: Rs 475 per sq.ft (2024)
• Choliar Lane: Rs 475 per sq.ft (2024)
• Daily Market: Rs 700 per sq.ft (2024)
• Devangar Lane: Rs 660 per sq.ft (2024)
• Devar Lane: Rs 475 per sq.ft (2024)
• Dhali Road: Rs 2,020 per sq.ft (2024)

Stamp duty and registration fee for property in Boyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 475 per sq.ft, the total guideline value amounts to Rs 4,75,000. The stamp duty is charged at 7%, totaling Rs 33,250, while the registration fee at 2% amounts to Rs 9,500. Together, the total cost for these fees is Rs 42,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boyar Street?

The Sub Registrar Office that covers Boyar Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ward - C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that they are based on the official valuation rather than the negotiated sale price.

When buying or selling property, the guideline value helps in establishing a fair basis for taxation and registration, thereby facilitating a transparent transaction process for all parties involved.

Frequently asked questions

What is the current guideline value of Boyar Street?

The current guideline value of Boyar Street is Rs 475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Boyar Street has increased from Rs 116 per sq.ft in 2003 to Rs 475 per sq.ft in 2024, showing an overall increase of 309% over the years.

What are the other streets in Ward - C with the same guideline value?

Other streets in Ward - C with the same guideline value of Rs 475 per sq.ft include Chellamuthu Street, Choliar Lane, and Devar Lane.

What is the stamp duty for a property in Boyar Street?

The stamp duty for a property in Boyar Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 33,250.

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

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