Guideline Value for DEVARAJ CHETTIAR STREET

Devaraj Chettiar Street guideline value

The current guideline value of Devaraj Chettiar Street is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village and falls under the Kinathukkadavu SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Devaraj Chettiar Street has changed

In the 2012 revision, the guideline value was Rs 250 per sq.ft. This figure decreased to Rs 167 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the 2023 revision, rising to Rs 250 per sq.ft, and further increased to Rs 280 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 50%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chettipalayam

Chettipalayam village has a total of 158 streets under the Kinathukkadavu SRO, with guideline values ranging from Rs 225 to Rs 680 per sq.ft. The median guideline value for these streets is Rs 280 per sq.ft, which matches the guideline value of Devaraj Chettiar Street for 2024.

• Coimbatore Telephone Employees Nagar: Rs 280 per sq.ft (2024)
• Chinnayan Chettiar Street: Rs 280 per sq.ft (2024)
• Easwaran Koil Street: Rs 280 per sq.ft (2024)
• Elappathi Mandapam Street: Rs 280 per sq.ft (2024)
• Chairman Kali Gounder Street: Rs 280 per sq.ft (2024)
• Ezhil Nagar: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Chettiar Street

For a 1,000 sq.ft plot at the current rate of Rs 280 per sq.ft, the guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, totaling Rs 25,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devaraj Chettiar Street?

The Sub Registrar Office that covers Devaraj Chettiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Chettipalayam. It is used to determine the minimum value on which stamp duty and registration fees are calculated during the registration process.

When buying or selling property, the guideline value ensures that the transaction reflects a fair valuation for the property in the area. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Devaraj Chettiar Street?

The current guideline value of Devaraj Chettiar Street is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Devaraj Chettiar Street?

The land classification for Devaraj Chettiar Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Devaraj Chettiar Street?

The Sub Registrar Office for Devaraj Chettiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

What is the median guideline value for streets in Chettipalayam?

The median guideline value for streets in Chettipalayam is Rs 280 per sq.ft, which is the same as the guideline value for Devaraj Chettiar Street in 2024.