Guideline Value for DEIVAM NAGAR

Deivam Nagar guideline value

The current guideline value of Deivam Nagar, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Deivam Nagar has changed

Over the years, the guideline value of Deivam Nagar has seen significant changes. The 2012 revision set the value at Rs 150 per sq.ft, which increased to Rs 100 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting an increase of 600%. The 2023 revision maintained the same rate of Rs 700 per sq.ft, which continues into the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has increased by 367%.

Guideline values in Muthanampalayam

In Muthanampalayam village, there are 178 streets under the Tiruppur Joint I SRO, with guideline values in 2024 ranging from Rs 700 to Rs 896 per sq.ft. The median value is Rs 700 per sq.ft, which is the same as the guideline value for Deivam Nagar.

• Dhanakkamparaikkadu: Rs 700 per sq.ft (2024)
• Dharapuram Road (Beyond Kovil Vazhi): Rs 708 per sq.ft (2024)
• Dharapuram Road (Upto Kovil Vazhi): Rs 711 per sq.ft (2024)
• Cheran Tholilalar Colony: Rs 708 per sq.ft (2024)
• Cheran Nagar: Rs 700 per sq.ft (2024)
• Cheran Labour Colony: Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Deivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. 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 detailed calculations.

Which Sub Registrar Office covers Deivam Nagar?

The Sub Registrar Office that covers Deivam Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthanampalayam. 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 a property is sold, the buyer and seller must agree on a sale price, but the registration authorities will consider the guideline value to calculate the applicable duties. This ensures that the transaction is recorded accurately and that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Deivam Nagar?

The current guideline value of Deivam Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, reflecting a total increase of 367% over this period.

What is the land classification for Deivam Nagar?

Deivam Nagar is classified as Residential Special Type - IV, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Deivam Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Deivam Nagar located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.