Guideline Value for DEEPIKA NAGAR

Deepika Nagar guideline value

The current guideline value of Deepika Nagar, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Deepika Nagar has changed

The guideline value for Deepika Nagar has seen several revisions over the years. In 2007, the value was Rs 125 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then dropped to Rs 335 per sq.ft in 2017. This marked a decrease of 33% from 2012 to 2017. Following this, there was a significant increase of 199%, bringing the value to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 1,006 per sq.ft, reflecting a change of 1% from the previous year.

There are no figures available for Deepika Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 705%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft, with a median value of Rs 1,008 per sq.ft. The guideline value for Deepika Nagar is below this median.

• Daskant/Saravanampatti Road/Pattukottai Kalyanasundaram Street/Perumal Kovil Street: Rs 1,006 per sq.ft (2024)
• Daisy Avenue: Rs 1,001 per sq.ft (2024)
• Dhachan Thottam: Rs 1,006 per sq.ft (2024)
• Diamond City: Rs 1,680 per sq.ft (2024)
• Doctros And Engineers Colony: Rs 1,008 per sq.ft (2024)
• Elanchi Kumaran Nagar Phase - II: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Deepika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total charges to Rs 90,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Deepika Nagar?

The Sub Registrar Office that covers Deepika Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Villankuruchi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it influences the overall transaction costs. The guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the property transfer process.

Frequently asked questions

What is the current guideline value of Deepika Nagar?

The current guideline value of Deepika Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 125 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 705%.

What is the land classification for Deepika Nagar?

Deepika Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

What is the stamp duty rate for property transactions in Deepika Nagar?

The stamp duty rate for property transactions in Deepika Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Deepika Nagar?

The Ganapathy Sub Registrar Office covers Deepika Nagar and is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.