Guideline Value for Devapuram

Devapuram guideline value

The current guideline value of Devapuram, located in Bhavani village under the Bhavani SRO, is Rs 1,445 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Devapuram has changed

The guideline value for Devapuram has seen significant changes over the years. In 2007, the value was Rs 370 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then dropped to Rs 536 per sq.ft in 2017. The 2023 revision raised the value to Rs 800 per sq.ft, and the latest 2024 revision has set it at Rs 1,445 per sq.ft, marking an increase of 81% from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 291%.

There are no figures available for the years 2002 and 2003 in the register for this street. The changes between the revisions are notable, with a 49% increase from 2017 to 2023 and a significant 116% increase from 2007 to 2012.

Guideline values in Bhavani

In Bhavani, there are 55 streets under the Bhavani SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,445 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Devapuram is above this median.

• Devaraj Lane: Rs 700 per sq.ft (2024)
• East Kannara Street: Rs 1,445 per sq.ft (2024)
• Cauvery Street: Rs 600 per sq.ft (2024)
• Bus Stand Road: Rs 800 per sq.ft (2024)
• Jothi Vinayagar Kovil Street: Rs 500 per sq.ft (2024)
• Bajanai Kovil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Devapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,445 per sq.ft, the total guideline value would be Rs 14,45,000. The stamp duty at 7% would be Rs 1,01,150, and the registration fee at 2% would be Rs 28,900, bringing the total to Rs 1,30,050. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Devapuram?

The Sub Registrar Office that covers Devapuram is the Bhavani Sub Registrar Office, located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Bhavani. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the 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 the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and transparently, reflecting the true value of the property based on the established guideline rates.

Frequently asked questions

What is the current guideline value of Devapuram?

The current guideline value of Devapuram is Rs 1,445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 370 per sq.ft in 2007 to Rs 1,445 per sq.ft in 2024, representing an overall increase of 291%.

What is the land classification for Devapuram?

The land classification for Devapuram is Commercial Special Type - I.

Where is the Bhavani Sub Registrar Office located?

The Bhavani Sub Registrar Office is located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone.

How is the stamp duty calculated for properties in Devapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,01,150.