Guideline Value for DEVAR ST

Devar St guideline value

The current guideline value of Devar St in Veerakeralam village is Rs 1,024 per sq.ft, effective from 1 July 2024. This street falls under the Thondamuthur SRO and is classified as Residential Class III Type - I.

How the guideline value of Devar St has changed

The guideline value for Devar St has seen significant changes over the years. In 2007, the value was Rs 175 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. From 2017 to 2023, there was a substantial rise to Rs 1,000 per sq.ft, and the most recent revision in 2024 brought it to Rs 1,024 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In summary, the changes between revisions include a 129% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a remarkable 273% increase from 2017 to 2023, and a 2% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 485%.

Guideline values in Veerakeralam

Within Veerakeralam, there are 135 streets under the Thondamuthur SRO, with guideline values ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,014 per sq.ft, placing Devar St's 2024 figure above that median.

• Daimand Nager: Rs 1,014 per sq.ft (2024)
• Dr.R.K.SHANMUGAM CHEITTER NAGER: Rs 1,016 per sq.ft (2024)
• Chokkalinga Mudhaliar St: Rs 1,026 per sq.ft (2024)
• Chitti Vinayager Kovil St: Rs 1,014 per sq.ft (2024)
• East Ratha St: Rs 1,014 per sq.ft (2024)
• Chinmaya Nager: Rs 1,028 per sq.ft (2024)

Stamp duty and registration fee for property in Devar St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,024 per sq.ft, the total guideline value would be Rs 10,24,000. The stamp duty at 7% would amount to Rs 71,680, and the registration fee at 2% would be Rs 20,480, bringing the total to Rs 92,160. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devar St?

The Sub Registrar Office that covers Devar St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerakeralam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. The guideline value serves as a benchmark for the value of the property, ensuring that the necessary taxes are calculated accurately.

When registering a property, buyers and sellers should be aware that the guideline value may differ from the actual sale price. The authorities will charge the stamp duty based on the higher value between the guideline and the sale price, which is essential for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Devar St?

The current guideline value of Devar St is Rs 1,024 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 175 per sq.ft in 2007 to Rs 1,024 per sq.ft in 2024, marking an overall increase of 485%.

What is the land classification of Devar St?

Devar St is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 10,24,000, the stamp duty would be Rs 71,680 and the registration fee would be Rs 20,480, totaling Rs 92,160.

Which office handles the registration for Devar St?

The Thondamuthur Sub Registrar Office handles the registration for Devar St, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.