Guideline Value for Devasthana Kalyanamandapam Street

Devasthana Kalyanamandapam Street guideline value

The current guideline value of Devasthana Kalyanamandapam Street is Rs 340 per sq.ft, effective from 1 July 2024. This street is located in Chennimalai village, under the Chennimalai SRO, and is classified as Residential Class I Type - III.

How the guideline value of Devasthana Kalyanamandapam Street has changed

The guideline value for Devasthana Kalyanamandapam Street has seen several revisions over the years. In 2002, the value was Rs 66 per sq.ft, which increased to Rs 77 per sq.ft in 2003, marking a 17% rise. The value then experienced a modest increase of 4% to reach Rs 80 per sq.ft in 2007. Following this, there was a significant rise of 275%, bringing the value to Rs 300 per sq.ft in 2012. However, it then dropped by 33% to Rs 201 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49%, resulting in a new value of Rs 300 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 340 per sq.ft, reflecting a 13% increase from the previous year. There are no figures available for the revisions in years prior to 2002 or after 2024 for this street.

Guideline values in Chennimalai

In Chennimalai, there are 71 streets under the Chennimalai SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 920 per sq.ft, with a median value of Rs 340 per sq.ft. Devasthana Kalyanamandapam Street's 2024 guideline value is equal to this median.

• Devasthana Kalyamandapa Street: Rs 340 per sq.ft (2024)
• Chidambaram pillai Street: Rs 340 per sq.ft (2024)
• Cheran Street: Rs 510 per sq.ft (2024)
• Gandhiji Street: Rs 340 per sq.ft (2024)
• Gandhi nagar: Rs 340 per sq.ft (2024)
• kamarajar Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Devasthana Kalyanamandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value would be Rs 3,40,000. The stamp duty at 7% would amount to Rs 23,800, and the registration fee at 2% would be Rs 6,800, leading to a total of Rs 30,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devasthana Kalyanamandapam Street?

The Sub Registrar Office that covers Devasthana Kalyanamandapam Street is the Chennimalai Sub Registrar Office, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chennimalai. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately according to the prevailing rates in the area.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Devasthana Kalyanamandapam Street?

The current guideline value of Devasthana Kalyanamandapam Street is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Devasthana Kalyanamandapam Street has changed from Rs 66 per sq.ft in 2002 to Rs 340 per sq.ft in 2024, reflecting an overall increase of 415% over the years.

Where can I find the registration office for this street?

The registration office covering Devasthana Kalyanamandapam Street is the Chennimalai Sub Registrar Office, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone.

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

For a property valued at Rs 3,40,000, the stamp duty would be Rs 23,800 and the registration fee would be Rs 6,800, totaling Rs 30,600. These fees are calculated based on the higher of the guideline value or the sale price.

What is the land classification for Devasthana Kalyanamandapam Street?

Devasthana Kalyanamandapam Street is classified as Residential Class I Type - III, indicating its designation for residential use within the area.