Guideline Value for Devangapuram

Devangapuram guideline value

The current guideline value of Devangapuram, located in Ward 5 under the Pollachi SRO, is Rs 911 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Devangapuram has changed

Over the years, the guideline value of Devangapuram has seen several revisions. The earliest recorded figure is from 2002, at Rs 439 per sq.ft. This increased to Rs 504 per sq.ft in 2003, marking a 15% rise. The value then rose to Rs 605 per sq.ft in 2007, reflecting a 20% increase. In 2012, the value reached Rs 910 per sq.ft, which was a significant 50% increase from the previous revision. However, by 2017, the guideline value decreased to Rs 610 per sq.ft, showing a decline of 33%. The value remained at Rs 911 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, indicating no change between these two years. The overall increase from 2002 to 2024 is 108%.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO that have a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft, with a median value of Rs 1,150 per sq.ft. The guideline value for Devangapuram is below this median.

• Dhandapani Nagar: Rs 911 per sq.ft (2024)
• Dr.Ansari Street: Rs 1,175 per sq.ft (2024)
• Bowdhigam ChandraSekar Nagar: Rs 911 per sq.ft (2024)
• Govindasamy Lay out: Rs 675 per sq.ft (2024)
• Imamkhan Street: Rs 1,150 per sq.ft (2024)
• Bioscope Road (Sellam Takies Street): Rs 1,175 per sq.ft (2024)

Stamp duty and registration fee for property in Devangapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 911 per sq.ft, the guideline value amounts to Rs 9,11,000. The stamp duty at 7% would be Rs 63,770, and the registration fee at 2% would be Rs 18,220, totaling Rs 81,990. 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 Devangapuram?

The Sub Registrar Office that covers Devangapuram is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 5

The guideline value is a crucial factor during the registration of property transactions in Ward 5. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both the buyer and the seller. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Devangapuram?

The current guideline value of Devangapuram is Rs 911 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 439 per sq.ft in 2002 to Rs 911 per sq.ft in 2024, representing an overall increase of 108% over the years.

What is the land classification for Devangapuram?

The land classification for Devangapuram is Residential Special Type - IV.

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

For a plot of 1,000 sq.ft, the total stamp duty and registration fees would amount to Rs 81,990 based on the current guideline value.

Where is the Sub Registrar Office for Devangapuram located?

The Sub Registrar Office for Devangapuram is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.