Guideline Value for Deventhara Kurukku Theru - 1

Deventhara Kurukku Theru - 1 guideline value

The current guideline value of Deventhara Kurukku Theru - 1 is Rs 1,080 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 5 village, under the Dharapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Deventhara Kurukku Theru - 1 has changed

The guideline value for Deventhara Kurukku Theru - 1 has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 975 per sq.ft. This figure remained unchanged in the next revision in 2017, which saw a significant decrease to Rs 653 per sq.ft. However, the value increased to Rs 975 per sq.ft again in 2023, marking a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 1,080 per sq.ft, reflecting an 11% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%.

Guideline values in Dharapuram Ward 5

Dharapuram Ward 5 features 40 streets under the Dharapuram SRO, with guideline values ranging from Rs 575 to Rs 1,820 per sq.ft. The median value among these streets is Rs 1,080 per sq.ft, which is equal to the current guideline value of Deventhara Kurukku Theru - 1.

• Deventhara Kurukku Theru - 2: Rs 770 per sq.ft (2024)
• Church Street: Rs 1,380 per sq.ft (2024)
• Gouder Street (BairavanKovil Street): Rs 770 per sq.ft (2024)
• Big Bazar Street Back Side: Rs 1,820 per sq.ft (2024)
• Big Bazar Street: Rs 1,820 per sq.ft (2024)
• Javulikadai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Deventhara Kurukku Theru - 1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,080 per sq.ft, the total guideline value would be Rs 10,80,000. The stamp duty at 7% would amount to Rs 75,600, and the registration fee at 2% would be Rs 21,600, leading to a total cost of Rs 97,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Deventhara Kurukku Theru - 1?

The Sub Registrar Office that covers Deventhara Kurukku Theru - 1 is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Dharapuram Ward 5

The guideline value is a crucial factor during the registration of property transactions in Dharapuram Ward 5. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the sale process.

When buying or selling property, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that the transaction reflects a fair value based on the established rates in the area.

Frequently asked questions

What is the current guideline value for Deventhara Kurukku Theru - 1?

The current guideline value for Deventhara Kurukku Theru - 1 is Rs 1,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 975 per sq.ft in 2012, decreasing to Rs 653 per sq.ft in 2017, then increasing to Rs 975 per sq.ft in 2023, and finally reaching Rs 1,080 per sq.ft in 2024.

What is the land classification for Deventhara Kurukku Theru - 1?

Deventhara Kurukku Theru - 1 is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,80,000, the stamp duty would be Rs 75,600 and the registration fee would be Rs 21,600, totaling Rs 97,200.

Where can I find the Sub Registrar Office for Deventhara Kurukku Theru - 1?

The Sub Registrar Office for Deventhara Kurukku Theru - 1 is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.