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 locality is situated in Kalapatty_west village under the Gandhipuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Devi Poorani Nagar has changed

Over the years, the guideline value for Devi Poorani Nagar has seen significant changes. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 raised the value further to Rs 1,065 per sq.ft, marking a 7% increase from the previous year. The overall change from 2017 to 2024 is a substantial 99% increase.

It is important to note that the register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 87%, reflecting a significant rise in value over that six-year period.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for this area is Rs 1,060 per sq.ft, placing Devi Poorani Nagar's 2024 guideline value 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 1,050 per sq.ft (2024)
• Dilain Nagar (Kalappatti): Rs 1,060 per sq.ft (2024)
• Cri Nagar: Rs 1,050 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, charged at 7%, amounts to Rs 74,550, while the registration fee at 2% comes to Rs 21,300. Together, the total cost for these fees would be Rs 95,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devi Poorani Nagar?

The Sub Registrar Office that covers 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 your SRO, you can visit find your SRO.

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

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

When buying or selling property, it is essential to consider the guideline value, as it influences the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

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 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 property transactions?

For a property valued at Rs 10,65,000, the stamp duty is Rs 74,550 and the registration fee is Rs 21,300, making the total fees Rs 95,850.

Which office handles the registration of properties in Devi Poorani Nagar?

The Gandhipuram Sub Registrar Office handles the registration of properties in Devi Poorani Nagar, located on Kalapatti Road, near Saravanampatti Police Station.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum registration value for properties, impacting the stamp duty and registration fees payable during a transaction.