Guideline Value for DEIVATHAI GARDEN

Deivathai Garden guideline value

The current guideline value of Deivathai Garden is Rs 260 per sq.ft, effective from 1 July 2024. This property is located in Mangalam village under the Tiruppur Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of Deivathai Garden has changed

The guideline value for Deivathai Garden has seen several revisions over the years. In 2017, the value was Rs 158 per sq.ft, which increased to Rs 236 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 260 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 65%.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions highlight a 49% increase from 2017 to 2023, reflecting a steady rise in the guideline value over the years.

Guideline values in Mangalam

In Mangalam village, there are 89 streets under the Tiruppur Joint I SRO that have a 2024 guideline value ranging from Rs 145 to Rs 550 per sq.ft, with a median value of Rs 205 per sq.ft. The guideline value for Deivathai Garden is above this median.

• Classic Avenue Phase - I: Rs 305 per sq.ft (2024)
• Classic Avenue Phase 2: Rs 500 per sq.ft (2024)
• East Garden: Rs 145 per sq.ft (2024)
• Chinnaputhur: Rs 145 per sq.ft (2024)
• Five Star Nagar: Rs 165 per sq.ft (2024)
• Ganapathi Nagar: Rs 145 per sq.ft (2024)

Stamp duty and registration fee for property in Deivathai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, making the total cost for these fees Rs 23,400. 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 Deivathai Garden?

The Sub Registrar Office that covers Deivathai Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangalam

The guideline value is a crucial factor when buying or selling property in Mangalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Deivathai Garden?

The current guideline value of Deivathai Garden is Rs 260 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 158 per sq.ft in 2017 to Rs 236 per sq.ft in 2023, and then to Rs 260 per sq.ft in 2024. This represents a 65% overall increase from 2017 to 2024.

What is the land classification for Deivathai Garden?

Deivathai Garden is classified as Residential Special Type - II, which indicates its designated use for residential purposes within the area.

Where can I find the Sub Registrar Office for Deivathai Garden?

The Sub Registrar Office for Deivathai Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Deivathai Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 18,200.