Guideline Value for DEVARAJ NAGAR,

Devaraj Nagar, guideline value

The current guideline value of Devaraj Nagar is Rs 704 per sq.ft, effective from 1 July 2024. This area falls under Ward - F village and is classified as Residential Class II Type - II, managed by the Tiruppur Joint II SRO.

How the guideline value of Devaraj Nagar has changed

The guideline value for Devaraj Nagar has seen several revisions over the years. Starting with the 2007 revision, the value was Rs 155 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a significant rise of 158%. However, the value then decreased to Rs 268 per sq.ft in 2017, a drop of 33%. Following this, the 2023 revision set the value at Rs 700 per sq.ft, reflecting a substantial increase of 161%. The most recent 2024 revision has raised the guideline value to Rs 704 per sq.ft, a slight increase of 1% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 354%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft, with a median of Rs 706 per sq.ft. Devaraj Nagar's 2024 value is below this median.

• Devendra Street: Rs 707 per sq.ft (2024)
• Chithi Boomi: Rs 2,200 per sq.ft (2024)
• Chinnappa Layout: Rs 708 per sq.ft (2024)
• Chenniyappa Nagar: Rs 708 per sq.ft (2024)
• Chairman Kandasamy Nagar: Rs 880 per sq.ft (2024)
• Gayathri Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 704 per sq.ft, the total guideline value amounts to Rs 7,04,000. The stamp duty at 7% would be Rs 49,280, while the registration fee at 2% would be Rs 14,080. Together, these fees total Rs 63,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devaraj Nagar?

The Sub Registrar Office that covers Devaraj Nagar is the Tiruppur Joint II 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 Ward - F

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - F. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly influences the costs involved in registration. Buyers and sellers should ensure they are informed about the latest values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devaraj Nagar?

The current guideline value of Devaraj Nagar is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 155 per sq.ft in 2007 to Rs 704 per sq.ft in 2024, reflecting an overall increase of 354% over this period.

What is the registration office for Devaraj Nagar?

The registration office for Devaraj Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot at the current rate, the total fees can amount to Rs 63,360.

What is the land classification of Devaraj Nagar?

Devaraj Nagar is classified as Residential Class II Type - II, indicating its designation for residential use within the area.