Guideline Value for Devanga Nagar

Devanga Nagar guideline value

The current guideline value of Devanga Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,325 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Devanga Nagar has changed

The guideline value for Devanga Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, from 2012 to 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, reflecting a 49% increase before reaching the current value of Rs 1,325 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 563%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, where the median is Rs 1,000 per sq.ft. Devanga Nagar's current guideline value is above this median.

• Devi Garden: Rs 1,000 per sq.ft (2024)
• Devi Nagar: Rs 1,000 per sq.ft (2024)
• C. Subbaiya Gounder Nagar: Rs 1,000 per sq.ft (2024)
• Cross Road: Rs 1,000 per sq.ft (2024)
• Dharmakutty Layout: Rs 1,000 per sq.ft (2024)
• Corporation Office Back Side: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Devanga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total fees together to Rs 1,19,250. Please 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 Devanga Nagar?

The Sub Registrar Office covering Devanga Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and reflects the market value of properties in the area.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devanga Nagar?

The current guideline value of Devanga Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, showing an overall increase of 563% over the years.

What is the land classification for Devanga Nagar?

Devanga Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Devanga Nagar?

The registration office for Devanga Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated in Devanga Nagar?

Stamp duty in Devanga Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 92,750.