Guideline Value for Devendra Street west

Devendra Street west guideline value

The current guideline value of Devendra Street west 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 west has changed

The guideline value for Devendra Street west has seen several revisions over the years. In 2002, the guideline value was Rs 132 per sq.ft, which increased to Rs 148 per sq.ft in 2003. The next recorded revision was in 2012, where the value was Rs 1,000 per sq.ft, but it dropped to Rs 670 per sq.ft in 2017. The guideline value then increased significantly to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2003, the value increased by 12%. However, from 2012 to 2017, there was a decline of 33%. The most significant increase occurred from 2017 to 2023, with a rise of 49%. The overall increase from 2002 to 2024 is 748%.

Guideline values in Singanallur

In 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 value is Rs 1,120 per sq.ft, which is the same as the current guideline value for Devendra Street west.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total 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, bringing the total cost for these fees to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devendra Street west?

Devendra Street west is covered by 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are essential for the legal transfer of ownership. It is important for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devendra Street west?

The current guideline value of Devendra Street west 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 132 per sq.ft in 2002 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 748% over this period.

What is the land classification for Devendra Street west?

Devendra Street west is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Singanallur Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur fees totaling Rs 1,00,800.