Guideline Value for DEMONTE 2ND STREET

Demonte 2nd Street guideline value

The current guideline value of Demonte 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village and falls under the Tiruppur Joint II SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Demonte 2nd Street has changed

Over the years, the guideline value of Demonte 2nd Street has seen significant changes. Starting from the 2007 revision, the value was Rs 695 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2012 revision, marking a rise of 73%. However, it then decreased to Rs 804 per sq.ft in the 2017 revision, a drop of 33%. The value surged again to Rs 1,200 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 1,320 per sq.ft in the 2024 revision, reflecting a rise of 10%.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 90%. It is important to note that the register has no figures for Demonte 2nd Street for the years 2002 and 2003.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Demonte 2nd Street is above this median.

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

The Sub Registrar Office that covers Demonte 2nd 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 plays a crucial role in the registration of property transactions in Ward - H. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions, thereby helping to maintain transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value of Demonte 2nd 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 this period.

What are the stamp duty and registration fees for property in Demonte 2nd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, leading to a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Demonte 2nd Street?

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

What is the land classification for Demonte 2nd Street?

The land classification for Demonte 2nd Street is Mixed Type - I, indicating the type of development permissible in this area.