Guideline Value for DEVENDRA STREET

Devendra Street guideline value

The current guideline value of Devendra Street is Rs 707 per sq.ft. This street is located in Ward - F village under the Tiruppur Joint II SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Devendra Street has changed

The guideline value for Devendra Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 245 per sq.ft. This increased to Rs 550 per sq.ft in 2012, but then it decreased to Rs 368 per sq.ft in 2017. Following this, the value surged to Rs 700 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 707 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the guideline value increased by 124% from 2007 to 2012, decreased by 33% from 2012 to 2017, and saw a significant rise of 90% from 2017 to 2023. The increment from 2023 to 2024 is 1%. Overall, from 2007 to 2024, the guideline value has increased by 189%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 706 per sq.ft, placing Devendra Street's 2024 figure slightly above the median.

• Devaraj Nagar: Rs 704 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 Devendra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 707 per sq.ft, the total guideline value would be Rs 7,07,000. The stamp duty at 7% would amount to Rs 49,490, and the registration fee at 2% would be Rs 14,140. Together, the total cost for these fees would be Rs 63,630. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devendra Street?

The Sub Registrar Office that covers Devendra Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 is a crucial factor when registering property transactions in Ward - F. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction process. The registration office uses this value to assess the worth of the property being sold or purchased.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Devendra Street?

The current guideline value of Devendra Street is Rs 707 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2007 to Rs 707 per sq.ft in 2024, reflecting an overall increase of 189% over this period.

What is the registration office for Devendra Street?

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

How is the stamp duty calculated for properties in Devendra Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 49,490.

What are the other streets in Ward - F?

Other streets in Ward - F include Devaraj Nagar, Chithi Boomi, Chinnappa Layout, Chenniyappa Nagar, Chairman Kandasamy Nagar, and Gayathri Nagar 1st Street, each with their respective guideline values for 2024.