Guideline Value for Devasia Nagar Layout

Devasia Nagar Layout guideline value

The current guideline value for Devasia Nagar Layout in Kurichi village is Rs 1,040 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Devasia Nagar Layout has changed

The guideline value for Devasia Nagar Layout has seen several revisions over the years. In 2012, the value was set at Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value significantly increased by 99%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,040 per sq.ft, marking a 4% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,040 per sq.ft. Devasia Nagar Layout's 2024 figure aligns with this median.

• C.T.O Colony Madukkarai Road (Ward 17): Rs 1,060 per sq.ft (2024)
• Dharga Line Street: Rs 1,030 per sq.ft (2024)
• Coimbatore to Podanur Road: Rs 1,550 per sq.ft (2024)
• Church Road (Ward 7): Rs 1,065 per sq.ft (2024)
• Eachanari Chettiapalaym Road (Ward 16): Rs 1,065 per sq.ft (2024)
• Eachanari Natham: Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Devasia Nagar Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800. Together, these fees would total Rs 93,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devasia Nagar Layout?

The Devasia Nagar Layout is covered by the Coimbatore North Joint 1 Sub Registrar Office. The office is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kurichi. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The stamp duty is charged on the higher of the guideline value or the sale price, which can significantly impact the total expenses involved in property transactions.

Frequently asked questions

What is the current guideline value of Devasia Nagar Layout?

The current guideline value of Devasia Nagar Layout is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,040 per sq.ft in 2024.

What is the land classification for Devasia Nagar Layout?

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

What are the stamp duty and registration fees for properties in Devasia Nagar Layout?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 93,600.

Which office handles registrations for Devasia Nagar Layout?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Devasia Nagar Layout, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.