Guideline Value for Devi Garden

Devi Garden guideline value

The current guideline value for Devi Garden, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Devi Garden has changed

The guideline value of Devi Garden has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 536 per sq.ft by the 2017 revision. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,000 per sq.ft, with no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 400%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the current figure for Devi Garden.

• Devi Nagar: Rs 1,000 per sq.ft (2024)
• Devanga Nagar: Rs 1,325 per sq.ft (2024)
• Dharmakutty Layout: Rs 1,000 per sq.ft (2024)
• C. Subbaiya Gounder Nagar: Rs 1,000 per sq.ft (2024)
• Cross Road: Rs 1,000 per sq.ft (2024)
• Divya Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees together Rs 90,000. 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 Garden?

The Sub Registrar Office that covers Devi Garden is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the transaction reflects a fair value for taxation purposes.

Frequently asked questions

What is the current guideline value for Devi Garden?

The current guideline value for Devi Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking a total increase of 400% over this period.

What are the stamp duty and registration fees for property in Devi Garden?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Devi Garden?

The Vadavalli Sub Registrar Office handles registrations for Devi Garden, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What other streets have similar guideline values in Kavundampalayam?

Other streets in Kavundampalayam, such as Devi Nagar, Dharmakutty Layout, and Divya Garden, also have a guideline value of Rs 1,000 per sq.ft in 2024.