Guideline Value for Devi & Co Lane

Devi & Co Lane guideline value

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

How the guideline value of Devi & Co Lane has changed

The guideline value of Devi & Co Lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,850 per sq.ft. This figure increased significantly to Rs 5,500 per sq.ft in 2012, marking a 197% rise. However, from 2012 to 2017, the value dropped to Rs 3,685 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 5,500 per sq.ft in 2023, a 49% increase. The latest revision in 2024 brought the guideline value to Rs 6,200 per sq.ft, which is a 13% increase from the previous year.

The overall change from 2007 to 2024 shows a substantial increase of 235%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO 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's 2024 guideline value is above this median.

• Devi & Co Lane Main: 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

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, these fees would total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi & Co Lane?

The Sub Registrar Office that covers Devi & Co Lane 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 further assistance.

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

The guideline value is a crucial figure used during the registration of property transactions in Ward-1. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to understand that the guideline value may influence the transaction price. Buyers and sellers should be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Devi & Co Lane 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 increased from Rs 1,850 per sq.ft in 2007 to Rs 6,200 per sq.ft in 2024, showing an overall increase of 235% over the years.

What are the other streets in Ward-1 with their guideline values?

Other streets in Ward-1 include Devi & Co Lane Main at Rs 6,200 per sq.ft, Dhandumariyamman Kovil Street at Rs 2,800 per sq.ft, and Dr.Nanjappa Road (or) Jail Road at Rs 7,900 per sq.ft, among others.

What are the stamp duty and registration fees for property in Devi & Co Lane?

For a property valued at Rs 6,200 per sq.ft, the stamp duty would be Rs 4,34,000 and the registration fee would be Rs 1,24,000, totaling Rs 5,58,000 for a 1,000 sq.ft plot.

Which Sub Registrar Office covers Devi & Co Lane?

The Coimbatore North Joint 1 Sub Registrar Office covers Devi & Co Lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.