Guideline Value for DEVINDRA STREET

Devindra Street guideline value

The current guideline value of Devindra Street in Vedapatti village under the Thondamuthur SRO is Rs 335 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Devindra Street has changed

The guideline value for Devindra Street has seen several revisions over the years. In 2007, the value was Rs 75 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, this was followed by a decrease to Rs 201 per sq.ft in 2017. The guideline value then rose to Rs 300 per sq.ft in 2023, and most recently, it has increased again to Rs 335 per sq.ft in 2024, marking a 12% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 347%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vedapatti

In Vedapatti village, there are 48 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 140 to Rs 1,790 per sq.ft, with a median value of Rs 220 per sq.ft. The guideline value of Devindra Street is above this median.

• Chennathembi Gounder St: Rs 335 per sq.ft (2024)
• F.C.I.Colony: Rs 220 per sq.ft (2024)
• Ganapathy Pannadi St: Rs 220 per sq.ft (2024)
• Bhasiyam Naidu Lane: Rs 140 per sq.ft (2024)
• Ayyavu Nager: Rs 335 per sq.ft (2024)
• Kalizer Karunanithi St: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Devindra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value would be Rs 3,35,000. The stamp duty at 7% would amount to Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total to Rs 30,150. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devindra Street?

The Sub Registrar Office that covers Devindra Street is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vedapatti. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the purchase or sale of property.

When a buyer or seller approaches the registration office, the guideline value will be referenced to determine the applicable fees. This ensures that all transactions are conducted fairly and transparently, based on the established values for different areas.

Frequently asked questions

What is the current guideline value of Devindra Street?

The current guideline value of Devindra Street is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 75 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, reflecting a total increase of 347% over the years.

What is the median guideline value in Vedapatti village?

The median guideline value in Vedapatti village is Rs 220 per sq.ft, with Devindra Street's current value being above this median.

What fees are associated with buying property in Devindra Street?

When buying property in Devindra Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Devindra Street located?

The Sub Registrar Office for Devindra Street is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.