Guideline Value for Devi Nagar

Devi Nagar guideline value

The current guideline value of Devi Nagar, located in Telgupalayam village, is Rs 1,000 per sq.ft. This value is set by the Coimbatore South Joint 1 SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Devi Nagar has changed

The guideline value for Devi Nagar has seen revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

From the 2023 revision to the 2024 revision, there was a change of +0%. This consistency in the guideline value indicates stability in property valuation for this street.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, placing Devi Nagar's 2024 figure below that median.

• Dr.Ambethkar Street: Rs 2,000 per sq.ft (2024)
• Dr.Radhakrishnan Street: Rs 1,000 per sq.ft (2024)
• Classic Delex Right House: Rs 1,650 per sq.ft (2024)
• Chinnaswamy Nagar: Rs 1,000 per sq.ft (2024)
• Chinnash Konar Street: Rs 1,002 per sq.ft (2024)
• Chinnasamy Naidu Thottam: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value is 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 cost for these fees Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Nagar?

The Sub Registrar Office that covers Devi Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Telgupalayam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in the transaction process.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, which helps in maintaining a fair assessment of property transactions.

Frequently asked questions

What is the current guideline value of Devi Nagar?

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

How has the guideline value changed over the years?

The guideline value for Devi Nagar has remained at Rs 1,000 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Devi Nagar?

Devi Nagar falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Devi Nagar is located at No.410a, Raja Street, Coimbatore-641001, under the Coimbatore South Joint 1 SRO.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.