Guideline Value for DEIVANAYAKI NAGAR/KRISHNA LAYOUT

Deivanayaki Nagar/Krishna Layout guideline value

The current guideline value of Deivanayaki Nagar/Krishna Layout is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Ganapathy village under the Ganapathy SRO, classified as Residential Class I Type - I.

How the guideline value of Deivanayaki Nagar/Krishna Layout has changed

Over the years, the guideline value of Deivanayaki Nagar/Krishna Layout has seen several revisions. The 2012 revision set the value at Rs 1,250 per sq.ft, which was adjusted to Rs 837 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,250 per sq.ft in 2023, and then rose again to the current Rs 1,400 per sq.ft in 2024. The changes between these revisions include a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023, and a further increase of 12% from 2023 to 2024.

The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 12%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, positioning Deivanayaki Nagar/Krishna Layout above that median.

• Devapuram: Rs 1,120 per sq.ft (2024)
• Dharani Nagar.Ganapathy Pudur Veethi No-7: Rs 1,010 per sq.ft (2024)
• C M S Nagar: Rs 1,010 per sq.ft (2024)
• C.M.Nagar: Rs 1,010 per sq.ft (2024)
• Dr.Kandasamy Nagar: Rs 1,120 per sq.ft (2024)
• Chinnath Thottam.Seva Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Deivanayaki Nagar/Krishna Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost together to Rs 1,26,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Deivanayaki Nagar/Krishna Layout?

The Sub Registrar Office that covers Deivanayaki Nagar/Krishna Layout is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 641006. You can find your SRO for more details.

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

The guideline value is an essential component in the property registration process in Ganapathy. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately and transparently.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Deivanayaki Nagar/Krishna Layout?

The current guideline value of Deivanayaki Nagar/Krishna Layout is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024. This reflects a significant increase in value over the years.

What is the classification of land in Deivanayaki Nagar/Krishna Layout?

The land in Deivanayaki Nagar/Krishna Layout is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property in this area?

The stamp duty for property in Deivanayaki Nagar/Krishna Layout is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Deivanayaki Nagar/Krishna Layout located?

The Sub Registrar Office covering Deivanayaki Nagar/Krishna Layout is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, with the postal code 641006.