Guideline Value for DEVANAGAPURAM RAJARAJAN STREET

Devanagapuram Rajarajan Street guideline value

The current guideline value of Devanagapuram Rajarajan Street is Rs 2,015 per sq.ft, effective from 1 July 2024. This street is located in Ward - J village under the Tiruppur Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Devanagapuram Rajarajan Street has changed

The guideline value for Devanagapuram Rajarajan Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision. This was a decline of 33%. However, the value increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The most recent 2024 revision set the guideline value at Rs 2,015 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Devanagapuram Rajarajan Street above this median.

• Devanagapuram Street: Rs 2,015 per sq.ft (2024)
• C.S.I.Churc(Compound (Gnanaprakasan Street): Rs 1,455 per sq.ft (2024)
• Dhanalakshmi Mill Colony: Rs 2,575 per sq.ft (2024)
• Chinnagoundanpalayam: Rs 840 per sq.ft (2024)
• Elementary School Street: Rs 840 per sq.ft (2024)
• Chenguttuvan Sandhu: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Devanagapuram Rajarajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,015 per sq.ft, the total guideline value would be Rs 20,15,000. The stamp duty at 7% would amount to Rs 1,41,050, and the registration fee at 2% would be Rs 40,300, bringing the total fees to Rs 1,81,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devanagapuram Rajarajan Street?

The Sub Registrar Office that covers Devanagapuram Rajarajan Street 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 Ward - J

The guideline value is an essential factor in the registration process when buying or selling property in Ward - J. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that buyers and sellers are aware of the costs involved in the transaction. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Devanagapuram Rajarajan Street?

The current guideline value of Devanagapuram Rajarajan Street is Rs 2,015 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 2,015 per sq.ft in 2024.

What is the land classification for Devanagapuram Rajarajan Street?

Devanagapuram Rajarajan Street is classified as Residential Class II Type - I.

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

The stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,81,350.

Where is the Sub Registrar Office located for this street?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.