Guideline Value for DEMONTE STREET

Demonte Street guideline value

The current guideline value of Demonte 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 land.

How the guideline value of Demonte Street has changed

The guideline value for Demonte 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. However, it saw a significant decrease to Rs 804 per sq.ft in 2017. The value then rose dramatically to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2017 to 2023, there was a 49% increase, while the jump from 2023 to 2024 was 10%. The overall change from 2007 to 2024 reflects a 90% increase in the guideline value.

Guideline values in Ward - H

In Ward - H, there are 166 streets that carry 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. Demonte Street's 2024 figure is above this median.

• Demonte 2nd Street: Rs 1,320 per sq.ft (2024)
• Demonte 2nd South 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 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, making the total fees 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.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Demonte Street?

The Sub Registrar Office that covers Demonte 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 further assistance.

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

The guideline value is an essential factor when registering property transactions in Ward - H. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of properties.

Frequently asked questions

What is the current guideline value of Demonte Street?

The current guideline value of Demonte 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 are the stamp duty and registration fees for properties on Demonte Street?

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.

What is the classification of land on Demonte Street?

Demonte Street is classified as Mixed Type - I land, which indicates a mix of residential and commercial uses.

Which office handles property registrations for Demonte Street?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Demonte Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.