Guideline Value for DEVI POORANI NAGAR

Devi Poorani Nagar guideline value

The current guideline value of Devi Poorani Nagar is Rs 1,065 per sq.ft, effective from 1 July 2024. This area is located in KALAPATTY_East village under the Gandhipuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Devi Poorani Nagar has changed

The guideline value for Devi Poorani Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has set the guideline value at Rs 1,065 per sq.ft, marking a 7% increase from the previous year.

From 2017 to 2023, the guideline value rose by 87%, and the overall change from 2017 to 2024 is 99%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in KALAPATTY_East

KALAPATTY_East village has a total of 358 streets under the Gandhipuram SRO, with 2024 guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for this area is Rs 1,055 per sq.ft, placing Devi Poorani Nagar's 2024 figure above this median.

• Decon Nagar (Goldwins): Rs 1,065 per sq.ft (2024)
• Decon Estate (Goldwins): Rs 1,065 per sq.ft (2024)
• C.R.I.Nagar (Valiyampalayam): Rs 1,045 per sq.ft (2024)
• Dilain Nagar (Kalappatti): Rs 1,060 per sq.ft (2024)
• Cri Nagar: Rs 1,045 per sq.ft (2024)
• Divine Park: Rs 1,065 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Poorani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value would be Rs 10,65,000. The stamp duty at 7% would amount to Rs 74,550, while the registration fee at 2% would be Rs 21,300, leading to a total of Rs 95,850. 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 detailed calculations.

Which Sub Registrar Office covers Devi Poorani Nagar?

The Sub Registrar Office covering Devi Poorani Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

To find more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in KALAPATTY_East. It is used to determine the stamp duty and registration fees that must be paid during the registration of a property. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property being sold or purchased. It ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the registration department.

Frequently asked questions

What is the current guideline value of Devi Poorani Nagar?

The current guideline value of Devi Poorani Nagar is Rs 1,065 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 1,065 per sq.ft in 2024, marking a total increase of 99% over this period.

What are the stamp duty and registration fees for properties in Devi Poorani Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 95,850.

Which office handles property registrations for Devi Poorani Nagar?

The Gandhipuram Sub Registrar Office is responsible for property registrations in Devi Poorani Nagar, located near Saravanampatti Police Station.

What is the land classification for Devi Poorani Nagar?

Devi Poorani Nagar is classified as Residential Class I Type - I, which is important for understanding the permissible uses of the land.