Guideline Value for DEVI GARDEN EXTN

Devi Garden Extn guideline value

The current guideline value of Devi Garden Extn is Rs 420 per sq.ft, effective from 1 July 2024. This area is located in T.Kottampatti village, under the Pollachi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Devi Garden Extn has changed

Over the years, the guideline value for Devi Garden Extn has seen several revisions. The 2012 revision set the value at Rs 420 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 420 per sq.ft. The 2017 revision recorded a lower value of Rs 281 per sq.ft. The overall change from 2012 to 2024 shows no increase, while the change from 2017 to 2023 indicates a significant increase of 49%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The 2012 and 2017 revisions reflect a decrease of 33% before the guideline value stabilized at Rs 420 per sq.ft from 2012 through 2024.

Guideline values in T.Kottampatti

In T.Kottampatti, there are 84 streets under the Pollachi SRO that have a 2024 guideline value ranging from Rs 300 to Rs 2,060 per sq.ft, with the median being Rs 420 per sq.ft. Devi Garden Extn's guideline value matches this median.

• Ganapathy Gardens: Rs 420 per sq.ft (2024)
• Indra Nagar Layout & Extn: Rs 541 per sq.ft (2024)
• Jaikrishnanagar: Rs 675 per sq.ft (2024)
• Balaji Nagar: Rs 420 per sq.ft (2024)
• Azhaghu Sundaram Nagar: Rs 420 per sq.ft (2024)
• Kamalam Nagar [b-5 Tsno 9/1c]: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Garden Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value amounts to Rs 4,20,000. The stamp duty, calculated at 7%, would be Rs 29,400, while the registration fee at 2% would be Rs 8,400, bringing the total cost for these fees to Rs 37,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devi Garden Extn?

The Sub Registrar Office that covers Devi Garden Extn is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in T.Kottampatti

The guideline value plays a crucial role during the registration process of property transactions in T.Kottampatti. It serves as a baseline for determining the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and fairness in property dealings. This value is essential for both buyers and sellers to understand the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Devi Garden Extn?

The current guideline value of Devi Garden Extn is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 420 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 281 per sq.ft in 2017 to Rs 420 per sq.ft in 2023.

What is the land classification for Devi Garden Extn?

Devi Garden Extn is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated for properties in Devi Garden Extn?

Stamp duty for properties in Devi Garden Extn is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 420 per sq.ft, the total guideline value would be Rs 4,20,000, leading to a stamp duty of Rs 29,400 at 7%.