Guideline Value for DEVAPURAM

Devapuram guideline value

The current guideline value of Devapuram, located in Ganapathy village under the Ganapathy SRO, is Rs 1,120 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Devapuram has changed

Over the years, the guideline value of Devapuram has seen several revisions. The 2007 revision set the value at Rs 450 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, this figure dropped to Rs 670 per sq.ft in the 2017 revision. In the 2023 revision, the value rose significantly to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,120 per sq.ft, reflecting a 12% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a substantial increase of 122%. Overall, from 2007 to 2024, the guideline value has increased by 149%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with the median value being Rs 1,120 per sq.ft. The guideline value for Devapuram aligns with this median.

• Deivanayaki Nagar/Krishna Layout: Rs 1,400 per sq.ft (2024)
• Dharani Nagar.Ganapathy Pudur Veethi No-7: Rs 1,010 per sq.ft (2024)
• C M S Nagar: Rs 1,010 per sq.ft (2024)
• C.M.Nagar: Rs 1,010 per sq.ft (2024)
• Dr.Kandasamy Nagar: Rs 1,120 per sq.ft (2024)
• Chinnath Thottam.Seva Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Devapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees to Rs 1,00,800. 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 further calculations.

Which Sub Registrar Office covers Devapuram?

The Sub Registrar Office that covers Devapuram is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ganapathy. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in real estate transactions. It is essential for both buyers and sellers to understand these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devapuram?

The current guideline value of Devapuram is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Devapuram has seen several revisions, with the most recent increase of 12% from Rs 1,000 per sq.ft in 2023 to Rs 1,120 per sq.ft in 2024. The overall increase from 2007 to 2024 is 149%.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 11,20,000. The stamp duty is Rs 78,400, and the registration fee is Rs 22,400, totaling Rs 1,00,800.

Which office handles property registration in Devapuram?

The Ganapathy Sub Registrar Office handles property registration for Devapuram, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the transaction is documented at a fair value, promoting transparency in the real estate market.