Guideline Value for CHERAN SENGUTUVAN LANE

Cheran Sengutuvan Lane guideline value

The current guideline value of Cheran Sengutuvan Lane is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village under the Udumalpettai SRO and is classified as Residential Class V Type - I.

How the guideline value of Cheran Sengutuvan Lane has changed

The guideline value for Cheran Sengutuvan Lane has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 350 per sq.ft. This was followed by a decrease to Rs 234 per sq.ft in 2017. In 2023, the value increased significantly to Rs 350 per sq.ft, and with the latest revision in 2024, it has further increased to Rs 380 per sq.ft, marking a 9% rise from the previous year.

Specifically, the changes between revisions are notable: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 50%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - A

In Ward - A, there are 40 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 1,880 per sq.ft, with a median value of Rs 475 per sq.ft. Cheran Sengutuvan Lane's 2024 figure is below this median.

• Chinnamuthu Street: Rs 380 per sq.ft (2024)
• Devendrar Street: Rs 380 per sq.ft (2024)
• E.B.Quarters: Rs 700 per sq.ft (2024)
• Express Avenue: Rs 700 per sq.ft (2024)
• Bharathi Nagar: Rs 475 per sq.ft (2024)
• Gopala Iyer Lane: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Sengutuvan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value would be 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, making the total cost for these fees Rs 34,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cheran Sengutuvan Lane?

The Sub Registrar Office that covers Cheran Sengutuvan 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 - A

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - A. It serves as a base for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cheran Sengutuvan Lane?

The current guideline value of Cheran Sengutuvan 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 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What is the land classification for Cheran Sengutuvan Lane?

Cheran Sengutuvan Lane is classified as Residential Class V Type - I.

What are the other streets in Ward - A with similar guideline values?

Other streets in Ward - A include Chinnamuthu Street and Devendrar Street, both at Rs 380 per sq.ft in 2024, as well as Bharathi Nagar at Rs 475 per sq.ft.

Where can I find the Sub Registrar Office for Cheran Sengutuvan Lane?

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