Guideline Value for DEVANKA CHETTIAR STREET

Devanka Chettiar Street guideline value

The current guideline value of Devanka Chettiar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Zaminuthukuzhi village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class III Type - V.

How the guideline value of Devanka Chettiar Street has changed

The guideline value for Devanka Chettiar Street has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased to Rs 125 per sq.ft in 2012, marking a rise of 150%. However, it then decreased to Rs 84 per sq.ft in 2017, a reduction of 33%. The value remained at Rs 84 per sq.ft until the 2023 revision, which maintained the rate at Rs 200 per sq.ft, a significant increase of 138% from the 2017 figure. The current 2024 revision also holds the guideline value at Rs 200 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Zaminuthukuzhi

In Zaminuthukuzhi village, there are 58 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 501 per sq.ft, with a median value of Rs 226 per sq.ft. Devanka Chettiar Street's 2024 figure is below this median.

• Eswaran Kovil Lane: Rs 226 per sq.ft (2024)
• Eswaran Kovil Street: Rs 226 per sq.ft (2024)
• Bodipalayam Road: Rs 226 per sq.ft (2024)
• Gandhi Nagar: Rs 200 per sq.ft (2024)
• Gujarat Saw Mill Street: Rs 200 per sq.ft (2024)
• Huk Mill Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Devanka Chettiar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devanka Chettiar Street?

The Pollachi Sub Registrar Office covers Devanka Chettiar Street. The office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminuthukuzhi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, buyers and sellers must consider the guideline value, as it is used to calculate the applicable fees. This ensures that the transaction is compliant with local regulations and that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Devanka Chettiar Street?

The current guideline value of Devanka Chettiar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Devanka Chettiar Street?

Devanka Chettiar Street is classified as Residential Class III Type - V.

Which office handles the registration for properties on Devanka Chettiar Street?

The Pollachi Sub Registrar Office handles the registration for properties on Devanka Chettiar Street, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

How is stamp duty calculated for properties in Zaminuthukuzhi?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 18,000 in fees.