Guideline Value for Devi Avenue

Devi Avenue guideline value

The current guideline value of Devi Avenue in Thudiyalur village, under the Periyanayakkan Palayam SRO, is Rs 1,018 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Devi Avenue has changed

The guideline value for Devi Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in 2017. Following this, the value experienced a significant increase, rising to Rs 1,000 per sq.ft in 2023, and further to Rs 1,018 per sq.ft in the 2024 revision, marking a 2% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 126%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, placing Devi Avenue's 2024 figure slightly below that median.

• Devi Residency: Rs 1,019 per sq.ft (2024)
• Dhamu Garden: Rs 1,015 per sq.ft (2024)
• Deepshila Garden: Rs 1,019 per sq.ft (2024)
• Easa Garden Phase - III: Rs 2,000 per sq.ft (2024)
• Easwar Park: Rs 1,020 per sq.ft (2024)
• Emperor Saral: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,018 per sq.ft, the guideline value would be Rs 10,18,000. The stamp duty at 7% would amount to Rs 71,260, and the registration fee at 2% would be Rs 20,360, totaling Rs 91,620. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Avenue?

The Sub Registrar Office that covers Devi Avenue is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thudiyalur, as it determines the minimum value at which properties must be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property registration process.

When buying or selling property, it is important to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Devi Avenue?

The current guideline value of Devi Avenue is Rs 1,018 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,018 per sq.ft in 2024.

What is the land classification for Devi Avenue?

Devi Avenue is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Devi Avenue?

The Sub Registrar Office for Devi Avenue is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for properties in Devi Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,018 per sq.ft would incur a total stamp duty and registration fee of Rs 91,620.