Guideline Value for DEVENDRAR STREET

Devendrar Street guideline value

The current guideline value of Devendrar Street is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village under the Udumalpettai SRO, classified as Residential Class V Type - I.

How the guideline value of Devendrar Street has changed

The guideline value for Devendrar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 350 per sq.ft. This was followed by a decrease to Rs 234 per sq.ft in 2017. However, the value saw a significant increase to Rs 350 per sq.ft in 2023, and then further rose to Rs 380 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2012 to 2024, there has been a 9% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - A

In Ward - A, there are 40 streets under the Udumalpettai SRO with a 2024 guideline value ranging from Rs 380 to Rs 1,880 per sq.ft. The median value for these streets is Rs 475 per sq.ft, indicating that Devendrar Street's 2024 figure is below that median.

• E.B.Quarters: Rs 700 per sq.ft (2024)
• Chinnamuthu Street: Rs 380 per sq.ft (2024)
• Cheran Sengutuvan Lane: Rs 380 per sq.ft (2024)
• Express Avenue: Rs 700 per sq.ft (2024)
• Gopala Iyer Lane: Rs 700 per sq.ft (2024)
• Gopalsamy Lane: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Devendrar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value would be Rs 3,80,000. The stamp duty at 7% would amount to Rs 26,600, while the registration fee at 2% would be Rs 7,600. Together, the total cost for duty and registration would be Rs 34,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devendrar Street?

The Sub Registrar Office that covers Devendrar Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Ward - A

The guideline value plays a crucial role in the registration process of property transactions in Ward - A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable duties and fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Devendrar Street?

The current guideline value of Devendrar Street is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back to Rs 350 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What is the land classification of Devendrar Street?

Devendrar Street is classified as Residential Class V Type - I under the Udumalpettai SRO.

What are the stamp duty and registration fees for property in Devendrar Street?

For a property valued at Rs 3,80,000, the stamp duty would be Rs 26,600 and the registration fee would be Rs 7,600, totaling Rs 34,200.

Which Sub Registrar Office covers Devendrar Street?

The Udumalpettai Sub Registrar Office covers Devendrar Street, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.