Guideline Value for DEMONTE 1ST STREET

Demonte 1st Street guideline value

The current guideline value of Demonte 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO, classified as Mixed Type - I.

How the guideline value of Demonte 1st Street has changed

The guideline value for Demonte 1st Street has seen several changes over the years. In 2007, the guideline value was Rs 695 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 73%. However, the value then dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. Following this, the value surged to Rs 1,200 per sq.ft in 2023, and then further to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for Demonte 1st Street. Overall, from 2007 to 2024, the guideline value has increased by 90%, highlighting the fluctuations in property valuation over the years.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Demonte 1st Street's 2024 value above this median.

• Demonte 1st South Street: Rs 1,320 per sq.ft (2024)
• Demonte 2nd South Street: Rs 1,320 per sq.ft (2024)
• Demonte 2nd Street: Rs 1,320 per sq.ft (2024)
• Demonte Street: Rs 1,320 per sq.ft (2024)
• Dharapuram Cross Road: Rs 4,400 per sq.ft (2024)
• Dharapuram Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Demonte 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Demonte 1st Street?

The Sub Registrar Office that covers Demonte 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions within Ward - H, as it serves as a benchmark for determining the stamp duty and registration fees. When a property is sold, the buyer must pay these fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers navigate the registration process more effectively, ensuring compliance with local regulations while facilitating smooth transactions.

Frequently asked questions

What is the current guideline value of Demonte 1st Street?

The current guideline value of Demonte 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 695 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 90% over the years.

What is the registration office for Demonte 1st Street?

The registration office for Demonte 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in Demonte 1st Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400.

What are the guideline values of other streets in Ward - H?

Other streets in Ward - H have a range of guideline values from Rs 701 to Rs 4,400 per sq.ft. Demonte 1st Street's value is Rs 1,320 per sq.ft, which is above the median value of Rs 990 per sq.ft in the area.