Guideline Value for DEVI JAKKAMMA NAGAR

Devi Jakkamma Nagar guideline value

The current guideline value of Devi Jakkamma Nagar is Rs 806 per sq.ft, effective from 1 July 2024. This area is located in Thottipalayam village, under the Thottipalayam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Devi Jakkamma Nagar has changed

The guideline value for Devi Jakkamma Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 725 per sq.ft, which decreased to Rs 486 per sq.ft in 2017. This was a significant drop of 33%. Following this, the value increased by 49% to Rs 726 per sq.ft in 2023, and then rose again by 11% to the current value of Rs 806 per sq.ft in 2024.

There are also revisions from the years 2002, 2003, and 2007, but the register has no figure for this street in those years. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft. The median value is Rs 806 per sq.ft, which is equal to the 2024 figure for Devi Jakkamma Nagar.

• C.S.I Nagar: Rs 1,110 per sq.ft (2024)
• C.S.I Colony: Rs 1,110 per sq.ft (2024)
• Doctor Radha Krishnan Nagar: Rs 1,887 per sq.ft (2024)
• Doctor Radha Krishnan Nagar(Near By R.K. Nagar): Rs 1,110 per sq.ft (2024)
• Duraisamy Puram: Rs 806 per sq.ft (2024)
• Chinnappa Nagar Extension: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Jakkamma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, totaling Rs 72,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Devi Jakkamma Nagar?

The Sub Registrar Office that covers Devi Jakkamma Nagar is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thottipalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Thottipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the guideline value is used to calculate the necessary fees, ensuring that all transactions adhere to the established legal framework. This helps maintain transparency and fairness in property dealings within the area.

Frequently asked questions

What is the current guideline value of Devi Jakkamma Nagar?

The current guideline value of Devi Jakkamma Nagar is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 725 per sq.ft in 2012 to Rs 486 per sq.ft in 2017. It then increased to Rs 726 per sq.ft in 2023 and is currently Rs 806 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Devi Jakkamma Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,06,000. The stamp duty is Rs 56,420, and the registration fee is Rs 16,120, totaling Rs 72,540.

Which Sub Registrar Office covers Devi Jakkamma Nagar?

The Thottipalayam Sub Registrar Office covers Devi Jakkamma Nagar, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.

What is the range of guideline values in Thottipalayam?

The guideline values in Thottipalayam range from Rs 700 to Rs 2,800 per sq.ft, with a median value of Rs 806 per sq.ft.