Guideline Value for DEVI GARDEN

Devi Garden guideline value

The current guideline value of Devi Garden is Rs 541 per sq.ft, effective from 1 July 2024. This area is located in Ward 1 village under the Pollachi SRO, classified as Residential Class II Type - I.

How the guideline value of Devi Garden has changed

The guideline value for Devi Garden has seen several revisions over the years. In 2007, the value was Rs 285 per sq.ft, which increased to Rs 540 per sq.ft in 2012. However, it dropped to Rs 362 per sq.ft in 2017. The subsequent revision in 2023 maintained the same value of Rs 541 per sq.ft, which has also been set for 2024, indicating no change between these two years. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%, while the value dropped by 33% from 2012 to 2017. The increase from 2007 to 2012 was 89%. Overall, from 2007 to 2024, the guideline value has increased by 90%.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value is Rs 541 per sq.ft, which is equal to the guideline value for Devi Garden.

• C.P.S.Gardens: Rs 541 per sq.ft (2024)
• C.P.Ramakrishnasamy Layout: Rs 541 per sq.ft (2024)
• Doctor Ansari Street (Block 1,3): Rs 750 per sq.ft (2024)
• Doctor Munusamy Street: Rs 750 per sq.ft (2024)
• C.M.V.Layout: Rs 301 per sq.ft (2024)
• Chinnampalayam Road Sri Garden: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value is Rs 5,41,000. The stamp duty at 7% would be Rs 37,870, and the registration fee at 2% would be Rs 10,820, making the total fees Rs 48,690. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Garden?

The Sub Registrar Office that covers Devi Garden 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 Ward 1

The guideline value plays a crucial role during the registration of property transactions in Ward 1. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Devi Garden?

The current guideline value of Devi Garden is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 285 per sq.ft in 2007 to Rs 541 per sq.ft in 2024, marking an overall increase of 90% over the years.

What is the land classification of Devi Garden?

Devi Garden 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?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 5,41,000.