Guideline Value for Devendra Street

Devendra Street guideline value

The current guideline value of Devendra Street in Punjaipuliampatti village is Rs 780 per sq.ft, effective from 1 July 2024. This street falls under the Punchaipuliyampatti SRO and is classified as Residential Class I Type - I.

How the guideline value of Devendra Street has changed

The guideline value for Devendra Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 110 per sq.ft, which saw a significant increase to Rs 700 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision set the value at Rs 700 per sq.ft, which then increased by 11% to reach the current value of Rs 780 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 609%.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a guideline value for 2024, ranging from Rs 335 to Rs 1,680 per sq.ft. The median guideline value is Rs 780 per sq.ft, which is equal to the current value of Devendra Street.

• Devaneyabavanar Street: Rs 780 per sq.ft (2024)
• CP.Chitrarasu Street: Rs 670 per sq.ft (2024)
• church Street: Rs 780 per sq.ft (2024)
• Eastwest Street 1: Rs 780 per sq.ft (2024)
• Eastwest Street 2: Rs 780 per sq.ft (2024)
• Chinnasamy Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Devendra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, leading to a total cost of Rs 70,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devendra Street?

The Sub Registrar Office that covers Devendra Street is the Punchaipuliyampatti Sub Registrar Office, located at Sub Registrar Office, Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Punjaipuliampatti. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during the property transaction.

Frequently asked questions

What is the current guideline value of Devendra Street?

The current guideline value of Devendra Street is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, marking an overall increase of 609%.

What are the other streets in Punjaipuliampatti with similar guideline values?

Other streets in Punjaipuliampatti with a guideline value of Rs 780 per sq.ft include Devaneyabavanar Street, church Street, Eastwest Street 1, Eastwest Street 2, and Chinnasamy Street.

What is the stamp duty rate for properties in Devendra Street?

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

Where is the Sub Registrar Office for Devendra Street located?

The Sub Registrar Office for Devendra Street is located at Sub Registrar Office, Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.