Guideline Value for DEIVEEGA NAGAR EXTENSION

Deiveega Nagar Extension guideline value

The current guideline value of Deiveega Nagar Extension is Rs 709 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class III Type - I.

How the guideline value of Deiveega Nagar Extension has changed

The guideline value for Deiveega Nagar Extension has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then rose sharply to Rs 709 per sq.ft in 2024, marking a 77% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 77%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. Deiveega Nagar Extension's 2024 figure is below this median.

• Deiveega Nagar: Rs 716 per sq.ft (2024)
• Colony Mariyamman Kovil Street: Rs 709 per sq.ft (2024)
• Christian Colony: Rs 708 per sq.ft (2024)
• Easunathar Kovil Street: Rs 714 per sq.ft (2024)
• Easwaran Nagar: Rs 709 per sq.ft (2024)
• E B Colony: Rs 715 per sq.ft (2024)

Stamp duty and registration fee for property in Deiveega Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 709 per sq.ft, the guideline value amounts to Rs 7,09,000. The stamp duty at 7% would be Rs 49,630, and the registration fee at 2% would be Rs 14,180, totaling Rs 63,810. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Deiveega Nagar Extension?

The Sub Registrar Office covering Deiveega Nagar Extension is the Tiruppur Joint II 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It determines the minimum value at which the property must be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Deiveega Nagar Extension?

The current guideline value of Deiveega Nagar Extension is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 709 per sq.ft in 2024.

What is the land classification of Deiveega Nagar Extension?

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

Where can I find the registration office for Deiveega Nagar Extension?

The registration office for Deiveega Nagar Extension is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Deiveega Nagar Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,09,000 would incur a stamp duty of Rs 49,630 at the rate of 7%.