Guideline Value for Devanagoundar veethy

Devanagoundar veethy guideline value

The current guideline value of Devanagoundar veethy is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Irugur village, under the Singanallur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Devanagoundar veethy has changed

The guideline value for Devanagoundar veethy has seen significant changes over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. The latest 2024 revision shows a further increase to Rs 440 per sq.ft, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value rose by 49%, and the overall change from 2017 to 2024 is an increase of 64%. This reflects the changes in the guideline value over the years, indicating a steady rise in property values in this area.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which is equal to the current value of Devanagoundar veethy.

• Deepam nagar: Rs 880 per sq.ft (2024)
• Daisy Garden: Rs 440 per sq.ft (2024)
• Dharmarajakoil Street: Rs 440 per sq.ft (2024)
• Divine avenue: Rs 440 per sq.ft (2024)
• Duraimeenatchi santhu: Rs 440 per sq.ft (2024)
• Durai samy naidu Street: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Devanagoundar veethy

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 more details.

Which Sub Registrar Office covers Devanagoundar veethy?

The Sub Registrar Office that covers Devanagoundar veethy is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Irugur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value serves as a benchmark for property transactions in the area.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Devanagoundar veethy?

The current guideline value of Devanagoundar veethy is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, showing a total increase of 64% over this period.

What is the land classification for Devanagoundar veethy?

Devanagoundar veethy is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Devanagoundar veethy?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 39,600, based on the current guideline value.

Which office handles registrations for Devanagoundar veethy?

The Singanallur Sub Registrar Office handles registrations for Devanagoundar veethy, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.