Guideline Value for Devi Residency

Devi Residency guideline value

The current guideline value of Devi Residency is Rs 1,019 per sq.ft. It is located in Thudiyalur village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - II.

How the guideline value of Devi Residency has changed

The guideline value for Devi Residency has seen significant changes over the years. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking an increase of 199%. The most recent revision in 2024 has set the guideline value at Rs 1,019 per sq.ft, reflecting a 2% rise from the 2023 figure.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,019 per sq.ft, which is equal to the current value of Devi Residency.

• Devi Avenue: Rs 1,018 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 Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 1,019 per sq.ft, the total guideline value would be Rs 10,19,000. The stamp duty at 7% would amount to Rs 71,330, and the registration fee at 2% would be Rs 20,380. Together, the total cost for stamp duty and registration fee would be Rs 91,710. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Residency?

The Sub Registrar Office covering Devi Residency is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thudiyalur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties adhere to the legal requirements set forth by the Registration Department.

When a property is registered, the guideline value helps establish a baseline for the transaction, allowing for a transparent and fair assessment of the property’s value. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devi Residency?

The current guideline value of Devi Residency is Rs 1,019 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,019 per sq.ft in 2024, reflecting an overall increase of 104% over this period.

What is the registration office for Devi Residency?

The registration office for Devi Residency is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What are the stamp duty rates for properties in Devi Residency?

The stamp duty for properties in Devi Residency is charged at 7% of the guideline value or the sale price, whichever is higher.

Are there any other streets with similar guideline values in Thudiyalur?

Yes, there are several other streets in Thudiyalur with similar guideline values, including Devi Avenue at Rs 1,018 per sq.ft and Deepshila Garden at Rs 1,019 per sq.ft.