Guideline Value for CHOLIAR LANE

Choliar Lane guideline value

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

How the guideline value of Choliar Lane has changed

The guideline value for Choliar Lane has seen several revisions over the years. The 2012 revision set the value at Rs 425 per sq.ft, which then decreased to Rs 285 per sq.ft in 2017. Following this, the value increased significantly to Rs 426 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 475 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. Notably, there are no figures available for Choliar Lane in the revisions for the years 2002, 2003, and 2007.

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 value for these streets is Rs 475 per sq.ft, which is equal to the 2024 figure for Choliar Lane.

• 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)
• Dhali Road Part II: Rs 1,450 per sq.ft (2024)
• Chellamuthu Street: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Choliar Lane

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 at 7% would be Rs 33,250, and the registration fee at 2% would be Rs 9,500, bringing the total fees together to Rs 42,750. 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 Choliar Lane?

The Choliar Lane falls under the Udumalpettai Sub Registrar Office, located at Sub Registrar Office, Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-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 - C

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - C. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the current guideline values set by the Registration Department.

When a property is sold, the guideline value helps to ensure transparency and fairness in the transaction. Buyers and sellers must be aware of the guideline value to accurately assess the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Choliar Lane?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 425 per sq.ft in 2012 to Rs 285 per sq.ft in 2017, then increased to Rs 426 per sq.ft in 2023, and finally to Rs 475 per sq.ft in 2024.

What is the land classification of Choliar Lane?

Choliar Lane is classified as Residential Class IV Type - II.

Where can I find the registration office for Choliar Lane?

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

How is the stamp duty calculated for properties in Choliar Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 475 per sq.ft, the stamp duty would be Rs 33,250.