Guideline Value for DEMONTE 2ND SOUTH STREET

Demonte 2nd South Street guideline value

The current guideline value of Demonte 2nd South 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, and is classified as Mixed Type - I land.

How the guideline value of Demonte 2nd South Street has changed

The guideline value for Demonte 2nd South Street has undergone several revisions over the years. In 2007, the value was Rs 695 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 73%. However, between 2012 and 2017, the value decreased to Rs 804 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 90%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, making the current value of Demonte 2nd South Street above that median.

• Demonte 1st Street: Rs 1,320 per sq.ft (2024)
• Demonte 2nd Street: Rs 1,320 per sq.ft (2024)
• Demonte 1st South 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 2nd South Street

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

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

Which Sub Registrar Office covers Demonte 2nd South Street?

The Sub Registrar Office that covers Demonte 2nd South 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 during the registration of property transactions in Ward - H. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Demonte 2nd South Street?

The current guideline value of Demonte 2nd South 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%. The most recent change was a 10% increase from Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Tiruppur Joint II Sub Registrar Office covers Demonte 2nd South Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Demonte 2nd South Street?

Demonte 2nd South Street is classified as Mixed Type - I land, which is a category that encompasses various types of land use.