Guideline Value for Devendra Street vadaku

Devendra Street vadaku guideline value

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

How the guideline value of Devendra Street vadaku has changed

The guideline value for Devendra Street vadaku has seen several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which lowered the value to Rs 670 per sq.ft. In 2023, the guideline value increased significantly to Rs 1,000 per sq.ft, and then rose again to Rs 1,120 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 12%. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that have 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, which is equal to the current value of Devendra Street vadaku.

• Devendra Street south: Rs 1,680 per sq.ft (2024)
• Devendra Street west: Rs 1,120 per sq.ft (2024)
• Devendra Street east: 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 vadaku

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, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devendra Street vadaku?

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

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

The guideline value is a critical figure used during the registration of property transactions in Singanallur. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value serves as a benchmark. It is essential for both buyers and sellers to be aware of this value, as it influences the overall cost of the transaction and the legal obligations involved.

Frequently asked questions

What is the current guideline value of Devendra Street vadaku?

The current guideline value of Devendra Street vadaku 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 increased 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 Devendra Street vadaku?

Devendra Street vadaku falls under the Residential Class I Type - I land classification.

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

The Sub Registrar Office for Devendra Street vadaku is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the 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, for a property valued at Rs 11,20,000, the stamp duty at 7% would be Rs 78,400.