Guideline Value for Devaneyabavanar Street

Devaneyabavanar Street guideline value

The current guideline value of Devaneyabavanar Street is Rs 780 per sq.ft, effective from 1 July 2024. This street is located in Punjaipuliampatti village under the Punchaipuliyampatti SRO and is classified as Residential Class I Type - I.

How the guideline value of Devaneyabavanar Street has changed

The guideline value for Devaneyabavanar Street has seen several revisions over the years. In 2007, the guideline value was Rs 95 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. Following this, the value rose to Rs 700 per sq.ft in 2023, and most recently, it has been revised to Rs 780 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 721%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 1,680 per sq.ft. The median value is Rs 780 per sq.ft, which is equal to the guideline value of Devaneyabavanar Street.

• Devendra Street: Rs 780 per sq.ft (2024)
• CP.Chitrarasu Street: Rs 670 per sq.ft (2024)
• church Street: Rs 780 per sq.ft (2024)
• Chinnasamy Street: Rs 780 per sq.ft (2024)
• Eastwest Street 1: Rs 780 per sq.ft (2024)
• Eastwest Street 2: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Devaneyabavanar Street

For a 1,000 sq.ft plot at the current rate of Rs 780 per sq.ft, the guideline value amounts to Rs 7,80,000. The stamp duty at 7% would be Rs 54,600, and the registration fee at 2% would be Rs 15,600, totaling Rs 70,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Devaneyabavanar Street?

The Sub Registrar Office that covers Devaneyabavanar Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions in Punjaipuliampatti, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable stamp duties and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Devaneyabavanar Street?

The current guideline value of Devaneyabavanar Street is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 95 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, reflecting an overall increase of 721% over the years.

What are the other streets in Punjaipuliampatti with similar guideline values?

Other streets in Punjaipuliampatti with similar guideline values include Devendra Street, church Street, Chinnasamy Street, and Eastwest Street 1 and 2, all at Rs 780 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,80,000, the stamp duty would be Rs 54,600 and the registration fee would be Rs 15,600, totaling Rs 70,200.

Where can I find the Sub Registrar Office for Devaneyabavanar Street?

The Sub Registrar Office for Devaneyabavanar Street is located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.