Guideline Value for Devanga High School Road

Devanga High School Road guideline value

The current guideline value of Devanga High School Road is Rs 3,400 per sq.ft. This road is located in Ward-8 village under the Coimbatore North Joint 1 SRO, and it is classified as Commercial Class I Type - I.

How the guideline value of Devanga High School Road has changed

The guideline value for Devanga High School Road has undergone several revisions over the years. In 2007, the value was set at Rs 1,150 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure dropped to Rs 2,010 per sq.ft in 2017. Following this, the value saw a substantial rise to Rs 3,000 per sq.ft in 2023, and it further increased to Rs 3,400 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

In summary, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 reflects a significant increase of 196%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ward-8

In Ward-8, there are 77 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,900 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Devanga High School Road is below this median.

• Devangapettai Road 1-2-3 Lane Or Nanarikazhaga veethi 1-2-3 Lane: Rs 3,300 per sq.ft (2024)
• Devangapettai Road 1-2-3 Main or Nanarikazhaga veethi 1-2-3 Main: Rs 3,300 per sq.ft (2024)
• Diwan Bagathur RoadLane: Rs 5,600 per sq.ft (2024)
• Diwan Bagathur Road Main: Rs 7,900 per sq.ft (2024)
• Brookebond Colony Main: Rs 3,300 per sq.ft (2024)
• Govindsingh Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Devanga High School Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total charges to Rs 3,06,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Devanga High School Road?

The Sub Registrar Office that covers Devanga High School Road is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward-8

The guideline value plays a crucial role in the registration process of property transactions in Ward-8. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Devanga High School Road?

The current guideline value of Devanga High School Road is Rs 3,400 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 1,150 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024. The most notable increases occurred between 2012 and 2017, and from 2023 to 2024.

What is the land classification of Devanga High School Road?

Devanga High School Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Devanga High School Road?

The Sub Registrar Office for Devanga High School Road is located at the District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in Ward-8?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for the registration fee, which are applied to the determined value during the registration process.