Guideline Value for DEVANAGAPURAM STREET

Devanagapuram Street guideline value

The current guideline value for Devanagapuram 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 and is classified as Residential Class II Type - I.

How the guideline value of Devanagapuram Street has changed

Over the years, the guideline value of Devanagapuram Street has seen several revisions. The 2024 revision sets the value at Rs 2,015 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, reflecting a change of +12%. Prior to that, in 2017, the value was Rs 1,206 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 1,800 per sq.ft, indicating a decrease of -33% from 2017 to 2012. The 2007 revision had set the value at Rs 1,390 per sq.ft, which increased by +29% to 2012.

Overall, from 2007 to 2024, the guideline value has increased by +45%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

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 guideline value in this ward is Rs 1,120 per sq.ft, which means Devanagapuram Street's 2024 figure is above that median.

• Devanagapuram Rajarajan 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 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, resulting in a total of Rs 1,81,350. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devanagapuram Street?

The Sub Registrar Office that covers Devanagapuram Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 important 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, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the transaction is registered at a fair value, reflecting the current market conditions. This process is crucial for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Devanagapuram Street?

The current guideline value of Devanagapuram 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 several times, with the most recent increase being from Rs 1,800 per sq.ft in 2023 to Rs 2,015 per sq.ft in 2024. Overall, from 2007 to 2024, the guideline value has increased by +45%.

What is the land classification for Devanagapuram Street?

Devanagapuram Street is classified as Residential Class II Type - I. This classification affects the guideline value and the types of properties that can be developed in the area.

Where can I find the Sub Registrar Office for Devanagapuram Street?

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

How is stamp duty calculated for properties in Devanagapuram Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,41,050.