How good is this svn structure?

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Above is the mock of structure I plan to use for java projects in my organization. What do you guys think about it? Does it look conventional? Also, if you take project1, under tags, you can see, 1.0.1, 1.0.2 and so on - these are release tags, created post release. Now, what kind of tags would exist under Dev branch? When would they be created? Should I create branches under DevBranch for each developer? I am confused.

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