Guideline Value for Devaraj Muthaliyar Layout

Devaraj Muthaliyar Layout guideline value

The current guideline value of Devaraj Muthaliyar Layout is Rs 2,750 per sq.ft, effective from 1 July 2024. This layout is located in Ward 10 village under the Peelamedu SRO, classified as Residential Class I Type - II.

How the guideline value of Devaraj Muthaliyar Layout has changed

The guideline value for Devaraj Muthaliyar Layout has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 213% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by a further rise to Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 244%. The register has no figure for this street for the years 2002 and 2003.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Devaraj Muthaliyar Layout's 2024 figure above this median.

• Dhadapani Road (or ) Street: Rs 3,025 per sq.ft (2024)
• Dhamu Nagar: Rs 3,300 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Dhandapani Flourmill Road - Palayur: Rs 1,320 per sq.ft (2024)
• CSR Layout: Rs 2,750 per sq.ft (2024)
• CR Sundaram Layout: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Muthaliyar Layout

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devaraj Muthaliyar Layout?

The Devaraj Muthaliyar Layout is covered by the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Ward 10

The guideline value is a critical factor during the registration process of property transactions in Ward 10. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of Devaraj Muthaliyar Layout?

The current guideline value of Devaraj Muthaliyar Layout is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 244% over the years.

What are the stamp duty and registration fees for property in Devaraj Muthaliyar Layout?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000. The stamp duty at 7% is Rs 1,92,500, and the registration fee at 2% is Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for Devaraj Muthaliyar Layout?

The Peelamedu Sub Registrar Office handles the registration for Devaraj Muthaliyar Layout, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the median guideline value in Ward 10?

The median guideline value for the 224 streets in Ward 10 is Rs 2,200 per sq.ft, and Devaraj Muthaliyar Layout's 2024 figure is above this median.