Guideline Value for DEVAR LANE

Devar Lane guideline value

The current guideline value of Devar Lane is Rs 475 per sq.ft, effective from 1 July 2024. This street is located in Ward - C village under the Udumalpettai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Devar Lane has changed

The guideline value for Devar Lane has seen several revisions over the years. The 2012 revision set the value at Rs 425 per sq.ft, which was then reduced to Rs 285 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 426 per sq.ft in the 2023 revision, and it has now risen to Rs 475 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The changes between the revisions are as follows: from 2017 to 2023, there was a 49% increase, while the 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO, with the 2024 guideline values ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 475 per sq.ft, which is equal to the current guideline value of Devar Lane.

• Devangar Lane: Rs 660 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 Devar Lane

For a 1,000 sq.ft plot at the current rate of Rs 475 per sq.ft, the guideline value amounts to Rs 4,75,000. The stamp duty at 7% would be Rs 33,250, and the registration fee at 2% would be Rs 9,500, totaling Rs 42,750. It is important to note that 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 assistance.

Which Sub Registrar Office covers Devar Lane?

The Sub Registrar Office that covers Devar Lane is 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 reference point for property transactions in Ward - C. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are recorded at a fair value, reflecting the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Devar Lane?

The current guideline value of Devar Lane is Rs 475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 425 per sq.ft in 2012 to Rs 285 per sq.ft in 2017, then to Rs 426 per sq.ft in 2023, and finally to Rs 475 per sq.ft in 2024.

What is the land classification for Devar Lane?

Devar Lane is classified as Residential Class IV Type - II under the guideline value register.

Where is the Sub Registrar Office for Devar Lane located?

The Sub Registrar Office for Devar Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

How is the stamp duty calculated for property in Devar Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 4,75,000, the stamp duty would be Rs 33,250.