Guideline Value for DEVANALLUR PALLI STREET (RS.NO.150/4)

Devanallur Palli Street (Rs.No.150/4) guideline value

The current guideline value of Devanallur Palli Street (Rs.No.150/4) is Rs 200 per sq.ft. This street is located in Kangayampalayam village, under the Dharapuram SRO, and is classified as Residential Class III Type - V.

How the guideline value of Devanallur Palli Street (Rs.No.150/4) has changed

In the 2012 revision, the guideline value was set at Rs 80 per sq.ft. This value decreased to Rs 54 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 270%, bringing it back to Rs 200 per sq.ft. The 2023 revision also maintained the same value of Rs 200 per sq.ft for the 2024 revision, resulting in a 0% change.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 150%.

Guideline values in Kangayampalayam

In Kangayampalayam, 17 streets are listed under the Dharapuram SRO with a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Devanallur Palli Street's 2024 figure is equal to this median.

• Devanallur North Kudi Street (Rs.No.150/2): Rs 200 per sq.ft (2024)
• Devanallur Temple Street (Rs.No.150/4): Rs 200 per sq.ft (2024)
• Devanallur West Kudi Street (Rs.No.150/4): Rs 200 per sq.ft (2024)
• Devanallur Arijana Street (Rs.No.150/4): Rs 200 per sq.ft (2024)
• Chandrapuram (Rs.No.498/6): Rs 200 per sq.ft (2024)
• Kangayampalayam North Arijana Street (Rs.No.529/2): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Devanallur Palli Street (Rs.No.150/4)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% amounts to Rs 14,000, and the registration fee at 2% is Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devanallur Palli Street (Rs.No.150/4)?

The Devanallur Palli Street (Rs.No.150/4) falls under the Dharapuram Sub Registrar Office located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kangayampalayam

The guideline value is a crucial factor during the registration of property transactions in Kangayampalayam. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is important to note that the stamp duty is charged based on the higher of the guideline value or the actual sale price, ensuring that the transaction is accurately valued for taxation purposes.

Frequently asked questions

What is the current guideline value of Devanallur Palli Street?

The current guideline value of Devanallur Palli Street (Rs.No.150/4) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then rising to Rs 200 per sq.ft in 2023 and remaining the same in 2024.

Which office handles registrations for Devanallur Palli Street?

The registrations for Devanallur Palli Street (Rs.No.150/4) are handled by the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the impact of the guideline value on property transactions?

The guideline value impacts property transactions by determining the minimum registration price and the applicable stamp duty and registration fees. It ensures that the property is accurately valued for taxation purposes.

Are there other streets in Kangayampalayam with the same guideline value?

Yes, there are several other streets in Kangayampalayam that share the same guideline value of Rs 200 per sq.ft for the year 2024, including Devanallur North Kudi Street and Devanallur Temple Street.