Guideline Value for Devendra Street south

Devendra Street south guideline value

The current guideline value of Devendra Street south is Rs 1,680 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village under the Singanallur SRO, and it falls under the Mixed Type - I land classification.

How the guideline value of Devendra Street south has changed

The guideline value for Devendra Street south has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,680 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a net increase of 12% in the guideline value for this street.

Guideline values in Singanallur

In Singanallur, 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 is Rs 1,120 per sq.ft, making the 2024 value of Devendra Street south above this median.

• Devendra Street east: Rs 1,120 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 south

For a 1,000 sq.ft plot at the current rate of Rs 1,680 per sq.ft, the guideline value would be Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, totaling Rs 1,51,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devendra Street south?

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

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

The guideline value is a crucial factor during the registration of properties in Singanallur. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is in accordance with government regulations.

When buying or selling property, the guideline value serves as a benchmark for both the buyer and seller. It helps in establishing a fair price for the property and is essential for the legal documentation process during registration.

Frequently asked questions

What is the current guideline value of Devendra Street south?

The current guideline value of Devendra Street south is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,680 per sq.ft in 2024.

What is the median guideline value in Singanallur?

The median guideline value in Singanallur is Rs 1,120 per sq.ft, with Devendra Street south's current value being above this median.

What are the stamp duty rates for properties in Devendra Street south?

The stamp duty for properties in Devendra Street south is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Devendra Street south?

The Sub Registrar Office for Devendra Street south is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.