Guideline Value for Devi & Co Lane Main

Devi & Co Lane Main guideline value

The current guideline value of Devi & Co Lane Main is Rs 6,200 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO, and is classified as Commercial Special Type - II.

How the guideline value of Devi & Co Lane Main has changed

The guideline value for Devi & Co Lane Main has undergone several revisions over the years. In 2007, the guideline value was Rs 1,850 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, this figure saw a decrease to Rs 3,685 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 5,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 6,200 per sq.ft. The register has no figures for this street in 2002 and 2003.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 197%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 13% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 235%.

Guideline values in Ward-1

In Ward-1, there are 97 streets that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 7,900 per sq.ft, with a median value of Rs 3,400 per sq.ft. Devi & Co Lane Main's guideline value of Rs 6,200 per sq.ft is above this median.

• Devi & Co Lane: Rs 6,200 per sq.ft (2024)
• Dhandumariyamman Kovil Street: Rs 2,800 per sq.ft (2024)
• Cox Street (or) Palani Gounder Street: Rs 3,400 per sq.ft (2024)
• Cox Street (or) Palani Gounder Lane: Rs 3,200 per sq.ft (2024)
• Dr.Munusamy Gardens Road Main: Rs 3,000 per sq.ft (2024)
• Dr.Nanjappa Road (or) Jail Road: Rs 7,900 per sq.ft (2024)

Stamp duty and registration fee for property in Devi & Co Lane Main

For a 1,000 sq.ft plot at the current guideline value of Rs 6,200 per sq.ft, the total guideline value would be Rs 62,00,000. The stamp duty at 7% would amount to Rs 4,34,000, while the registration fee at 2% would be Rs 1,24,000. Together, the total cost for these fees would be Rs 5,58,000. 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 Devi & Co Lane Main?

The Sub Registrar Office that covers Devi & Co Lane Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-1

The guideline value plays a crucial role in the registration process when buying or selling property in Ward-1. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Devi & Co Lane Main?

The current guideline value of Devi & Co Lane Main is Rs 6,200 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 1,850 per sq.ft in 2007 to Rs 6,200 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Devi & Co Lane Main?

Devi & Co Lane Main is classified as Commercial Special Type - II, indicating its commercial usage potential.

Where can I find the Sub Registrar Office for Devi & Co Lane Main?

The Sub Registrar Office for Devi & Co Lane Main is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in Devi & Co Lane Main?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 62,00,000, the stamp duty would be Rs 4,34,000 at a rate of 7%.