Guideline Value for DEVANGAR LANE

Devangar Lane guideline value

The current guideline value of Devangar Lane, located in Ward - C village under the Udumalpettai SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Devangar Lane has changed

Over the years, the guideline value of Devangar Lane has seen several revisions. The earliest recorded figure is from 2003, where it was Rs 289 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 108% rise. However, between 2012 and 2017, the value decreased to Rs 402 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 600 per sq.ft in 2023, a 49% rise, before reaching the current figure of Rs 660 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2007 for this street. Overall, from 2003 to 2024, the guideline value has increased by 128%.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft, with a median value of Rs 475 per sq.ft. Devangar Lane's current guideline value is above this median.

• Devar Lane: Rs 475 per sq.ft (2024)
• Dhali Road: Rs 2,020 per sq.ft (2024)
• Dhali Road Part II: Rs 1,450 per sq.ft (2024)
• Daily Market: Rs 700 per sq.ft (2024)
• Diwan Sahib Lane: Rs 700 per sq.ft (2024)
• Choliar Lane: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Devangar Lane

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Devangar Lane?

Devangar Lane falls under the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Ward - C. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value helps to ascertain the minimum value on which stamp duty is calculated. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devangar Lane?

The current guideline value of Devangar Lane is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 289 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 128% over this period.

What are the other streets in Ward - C with their guideline values?

Other streets in Ward - C include Devar Lane at Rs 475 per sq.ft, Dhali Road at Rs 2,020 per sq.ft, and Daily Market at Rs 700 per sq.ft, among others.

What are the stamp duty and registration fees for property in Devangar Lane?

For a plot of 1,000 sq.ft at the current rate, the total stamp duty and registration fees would amount to Rs 59,400, calculated based on the guideline value of Rs 6,60,000.

Which Sub Registrar Office covers Devangar Lane?

The Udumalpettai Sub Registrar Office covers Devangar Lane, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.