Guideline Value for Devi Nagar

Devi Nagar guideline value

The current guideline value of Devi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Devi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure increased to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, reflecting an increase of 87%. The 2023 revision also maintained the value at Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

In Kavundampalayam village, there are 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current value of Devi Nagar.

• Devi Garden: 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, charged at 7%, would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, the total cost for these fees would be 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 the 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 Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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

The guideline value is an essential factor during property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value of a property, ensuring that both buyers and sellers have a clear understanding of the property's worth as per government regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

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 has changed from Rs 800 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, with fluctuations in between. The highest increase was from 2017 to 2023, where it rose by 87%.

What is the land classification of Devi Nagar?

Devi Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Which office handles registrations for Devi Nagar?

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

How is stamp duty calculated for properties in Devi Nagar?

Stamp duty is 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 at a rate of 7%.