Guideline Value for Devendara Street 1 to 11

Devendara Street 1 to 11 guideline value

The current guideline value for Devendara Street 1 to 11 is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class I Type - III.

How the guideline value of Devendara Street 1 to 11 has changed

The guideline value for Devendara Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 1,000 per sq.ft, before reaching the current value of Rs 1,120 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 12% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Uppilipalayam

Uppilipalayam village has a total of 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value in this area is Rs 1,232 per sq.ft, placing Devendara Street 1 to 11 below that median.

• Dhamotharasamy layout: Rs 1,120 per sq.ft (2024)
• Dhanabal layout: Rs 1,120 per sq.ft (2024)
• Dhanalakshmi Nagar Extention: Rs 1,456 per sq.ft (2024)
• Dhanalakshmipuram north: Rs 2,016 per sq.ft (2024)
• Dhanalakshmipuram south: Rs 2,016 per sq.ft (2024)
• Cotton City Apartment (Perks school road): Rs 2,520 per sq.ft (2024)

Stamp duty and registration fee for property in Devendara Street 1 to 11

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400. Together, these fees total Rs 1,00,800. 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 Devendara Street 1 to 11?

The Sub Registrar Office that covers Devendara Street 1 to 11 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Uppilipalayam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for buyers and sellers to be aware of the current guideline value to accurately estimate the costs involved in the registration process.

Frequently asked questions

What is the current guideline value for Devendara Street 1 to 11?

The current guideline value for Devendara Street 1 to 11 is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Devendara Street 1 to 11?

Devendara Street 1 to 11 is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Devendara Street 1 to 11 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,120 per sq.ft would incur a total stamp duty and registration fee of Rs 1,00,800.