Guideline Value for DEVAR GARDEN

Devar Garden guideline value

The current guideline value of Devar Garden is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Andipalayam village, under the Tiruppur Joint I SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of Devar Garden has changed

The guideline value for Devar Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 705 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, marking a significant increase of 75% from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value increased by 75%. The 2024 figure of Rs 705 per sq.ft is above the median guideline value of Rs 701 per sq.ft for the 66 streets in Andipalayam under the Tiruppur Joint I SRO.

Guideline values in Andipalayam

In Andipalayam, the guideline values range from Rs 700 to Rs 1,045 per sq.ft as per the 2024 revision. Devar Garden's current value of Rs 705 per sq.ft is above the median value of Rs 701 per sq.ft. The following are other streets in Andipalayam with their respective guideline values:

• Dhanalakshmi Nagar: Rs 700 per sq.ft (2024)
• Dhanavarshini Avenue: Rs 700 per sq.ft (2024)
• C.P.Avenue Extn: Rs 704 per sq.ft (2024)
• C.P.Avenue: Rs 704 per sq.ft (2024)
• Classic Avenue: Rs 700 per sq.ft (2024)
• Duvaraga Avenue: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Devar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, totaling Rs 63,450. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devar Garden?

The Sub Registrar Office that covers Devar Garden 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 Andipalayam

The guideline value plays a crucial role in the registration process of property transactions in Andipalayam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction is documented accurately. This helps in maintaining transparency in property dealings and ensures that the required taxes are collected appropriately.

Frequently asked questions

What is the current guideline value of Devar Garden?

The current guideline value of Devar Garden is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 402 per sq.ft in 2017 to Rs 705 per sq.ft in 2024, a 75% increase over this period. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Devar Garden?

The land classification for Devar Garden is Mixed Special Type - I, which indicates the type of development and usage permitted in this area.

Where can I find the Sub Registrar Office for Devar Garden?

The Sub Registrar Office for Devar Garden 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 in Devar Garden?

Stamp duty in Devar Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,05,000, the stamp duty would be Rs 49,350 at a rate of 7%.