Guideline Value for D.G.Ramasamy Naidu Street

D.G.Ramasamy Naidu Street guideline value

The current guideline value of D.G.Ramasamy Naidu Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Kumarapalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of D.G.Ramasamy Naidu Street has changed

The guideline value for D.G.Ramasamy Naidu Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, and in the 2024 revision, it increased slightly to Rs 1,002 per sq.ft, reflecting a change of +0% from the previous year.

This indicates that the value has remained relatively stable between the 2023 and 2024 revisions. The current figure of Rs 1,002 per sq.ft is above the median guideline value of Rs 1,001 per sq.ft for the 290 streets in Kumarapalayam under the Coimbatore South Joint 1 SRO.

Guideline values in Kumarapalayam

Kumarapalayam has a range of guideline values, with figures from Rs 1,000 to Rs 2,750 per sq.ft in 2024. D.G.Ramasamy Naidu Street's guideline value is Rs 1,002 per sq.ft, placing it above the median value for the area.

• Dhanalakshmi Gardens: Rs 1,550 per sq.ft (2024)
• Dr.Raja Rathinam Layout: Rs 1,000 per sq.ft (2024)
• Durga Nagar: Rs 1,000 per sq.ft (2024)
• Eastwest Street (Govt.): Rs 1,001 per sq.ft (2024)
• Chokkampudur Road: Rs 1,550 per sq.ft (2024)
• Chokkampudur Oorkattu: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in D.G.Ramasamy Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, while the registration fee at 2% would be Rs 20,040. Therefore, the total cost for stamp duty and registration fee would be Rs 90,180. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.G.Ramasamy Naidu Street?

The Sub Registrar Office that covers D.G.Ramasamy Naidu Street 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 Kumarapalayam

The guideline value is a crucial factor when registering property transactions in Kumarapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the correct fees based on the established rates. This process helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of D.G.Ramasamy Naidu Street?

The current guideline value of D.G.Ramasamy Naidu Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for D.G.Ramasamy Naidu Street has seen revisions in 2023 and 2024, with figures of Rs 1,000 and Rs 1,002 per sq.ft, respectively. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kumarapalayam?

The median guideline value for the 290 streets in Kumarapalayam under the Coimbatore South Joint 1 SRO is Rs 1,001 per sq.ft. D.G.Ramasamy Naidu Street's current value is above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for properties in D.G.Ramasamy Naidu Street is charged at 7%, while the registration fee is 2%. For a property valued at Rs 10,02,000, the total fees would amount to Rs 90,180.

Where is the Sub Registrar Office for D.G.Ramasamy Naidu Street located?

The Sub Registrar Office for D.G.Ramasamy Naidu Street is located at No.410a, Raja Street, Coimbatore-641001. This office handles all registrations for properties in the area.