Guideline Value for DASS LANE

Dass Lane guideline value

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

How the guideline value of Dass Lane has changed

In the 2012 revision, the guideline value for Dass Lane was Rs 425 per sq.ft. This figure saw a decrease of 33% to Rs 285 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 426 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the guideline value at Rs 475 per sq.ft, marking a 12% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Ward - D

In Ward - D, there are 54 streets under the Udumalpettai SRO with a 2024 guideline value range from Rs 380 to Rs 2,020 per sq.ft. The median guideline value in this area is Rs 660 per sq.ft, which indicates that Dass Lane's 2024 figure is below this median.

• Dhali Road: Rs 2,020 per sq.ft (2024)
• Durai Raj Nadar Street: Rs 775 per sq.ft (2024)
• Duraisamy Iyer Lay Out: Rs 775 per sq.ft (2024)
• Chidambaram Pillai Street: Rs 1,350 per sq.ft (2024)
• Gandhi Lane: Rs 500 per sq.ft (2024)
• Gandhi Lane-1,2: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Dass 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 cost for these fees to Rs 42,750. It is important to note that the 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 Dass Lane?

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

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

The guideline value is a crucial factor in property transactions in Ward - D. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dass Lane?

The current guideline value of Dass 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 to Rs 426 per sq.ft in 2023, and finally to Rs 475 per sq.ft in 2024.

What is the land classification of Dass Lane?

Dass Lane is classified as Residential Class IV Type - II under the Udumalpettai SRO.

What are the other streets in Ward - D?

Other streets in Ward - D include Dhali Road, Durai Raj Nadar Street, Duraisamy Iyer Lay Out, Chidambaram Pillai Street, Gandhi Lane, and Gandhi Lane-1,2, each with their respective guideline values for 2024.

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

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