Guideline Value for DAIMOND PARK

Daimond Park guideline value

The current guideline value of Daimond Park in Veerapandi village under the Periyanayakkan Palayam SRO is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - V.

How the guideline value of Daimond Park has changed

The guideline value for Daimond Park has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 150 per sq.ft. This was followed by a decrease to Rs 100 per sq.ft in 2017. However, the value saw a significant increase in the subsequent revisions, rising to Rs 200 per sq.ft in 2023, and then to Rs 220 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 100%, and from 2023 to 2024, there was a further increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 47%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,050 per sq.ft, with a median value of Rs 330 per sq.ft. Daimond Park's 2024 figure is below this median.

• Covai Fair Lands: Rs 390 per sq.ft (2024)
• Devi Nagar: Rs 390 per sq.ft (2024)
• Dhaksin Avenue: Rs 390 per sq.ft (2024)
• Dhamodharan Nagar: Rs 220 per sq.ft (2024)
• Dhanam Nagar: Rs 390 per sq.ft (2024)
• Church Road Thiruvalluvar Nagar: Rs 390 per sq.ft (2024)

Stamp duty and registration fee for property in Daimond Park

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Daimond Park?

The Sub Registrar Office that covers Daimond Park is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Veerapandi, as it determines the stamp duty and registration fees applicable to the transaction. When a property is registered, the guideline value is used to calculate the charges, ensuring that both the buyer and seller are aware of the financial obligations involved.

It is essential for buyers to understand that the guideline value may differ from the actual sale price of the property. The registration process will utilize the higher amount between the guideline value and the sale price to determine the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Daimond Park?

The current guideline value of Daimond Park is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Daimond Park?

Daimond Park is classified as Residential Class III Type - V.

What are the stamp duty and registration fees for property in Daimond Park?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 19,800.

Where can I find the Sub Registrar Office for Daimond Park?

The Sub Registrar Office for Daimond Park is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.