Guideline Value for Devendra Street east

Devendra Street east guideline value

The current guideline value of Devendra Street east is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Devendra Street east has changed

The guideline value for Devendra Street east has undergone several revisions over the years. In 2002, the value was Rs 143 per sq.ft, which increased significantly to Rs 161 per sq.ft in 2003. After a gap, the next recorded revision was in 2012, where the value rose to Rs 1,000 per sq.ft, but it then decreased to Rs 670 per sq.ft in 2017. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,120 per sq.ft. Notably, there is no figure available for the year 2007 in the register for this street.

Looking at the changes, the guideline value increased by 12% from 2023 to 2024. The period from 2017 to 2023 saw a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. The increase from 2003 to 2012 was remarkable at 521%, while the rise from 2002 to 2003 was 13%. Overall, from 2002 to 2024, the guideline value has increased by 683%.

Guideline values in Singanallur

Within Singanallur village, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, which is equal to the current value of Devendra Street east.

• Devendra Street south: Rs 1,680 per sq.ft (2024)
• Devendra Street vadaku: Rs 1,120 per sq.ft (2024)
• Devendra Street west: Rs 1,120 per sq.ft (2024)
• C Type Aerodrome Road: Rs 1,680 per sq.ft (2024)
• Dhaya Gardens: Rs 1,120 per sq.ft (2024)
• Dr.J.J.Nagar: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Devendra Street east

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, while the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devendra Street east?

The Sub Registrar Office that covers Devendra Street east is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Singanallur. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is crucial to be aware of the guideline value as it influences the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Devendra Street east?

The current guideline value of Devendra Street east 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 significantly from Rs 143 per sq.ft in 2002 to Rs 1,120 per sq.ft in 2024, marking an overall increase of 683% over this period.

What are the stamp duty and registration fees for properties on Devendra Street east?

For a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400, and the registration fee would be Rs 22,400, totaling Rs 1,00,800.

Which office handles registrations for Devendra Street east?

The Singanallur Sub Registrar Office is responsible for handling registrations for properties on Devendra Street east.

What other streets have guideline values in Singanallur?

Other streets in Singanallur include Devendra Street south at Rs 1,680 per sq.ft, Devendra Street vadaku at Rs 1,120 per sq.ft, and Devendra Street west at Rs 1,120 per sq.ft, among others.