Guideline Value for DEIVEEGA NAGAR

Deiveega Nagar guideline value

The current guideline value of Deiveega Nagar is Rs 716 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village and falls under the Tiruppur Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Deiveega Nagar has changed

The guideline value for Deiveega Nagar has seen several revisions over the years. In 2012, the value was Rs 630 per sq.ft, which decreased to Rs 422 per sq.ft in 2017. Following this, the value rose significantly to Rs 630 per sq.ft in 2023, and then further increased to Rs 716 per sq.ft in the 2024 revision, marking a 14% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 reflects a 14% increase. The fluctuations in the guideline value demonstrate the variations over time, particularly the substantial rise from 2017 to 2023.

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. The median value for these streets is Rs 711 per sq.ft, placing Deiveega Nagar's 2024 figure above this median.

• Deiveega Nagar Extension: Rs 709 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

For a 1,000 sq.ft plot at the current guideline value of Rs 716 per sq.ft, the total guideline value would be Rs 7,16,000. The stamp duty at 7% would amount to Rs 50,120, while the registration fee at 2% would be Rs 14,320, bringing the total cost for these fees to Rs 64,440. 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 Deiveega Nagar?

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

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 serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Deiveega Nagar?

The current guideline value of Deiveega Nagar is Rs 716 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 630 per sq.ft in 2012 to Rs 422 per sq.ft in 2017, then increased to Rs 630 per sq.ft in 2023, and finally to Rs 716 per sq.ft in 2024.

What is the registration office for Deiveega Nagar?

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

How is stamp duty calculated in Deiveega Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,16,000, the stamp duty would amount to Rs 50,120.

What are the other streets with guideline values in Velampalayam?

Other streets in Velampalayam include Deiveega Nagar Extension at Rs 709 per sq.ft, Colony Mariyamman Kovil Street at Rs 709 per sq.ft, Christian Colony at Rs 708 per sq.ft, Easunathar Kovil Street at Rs 714 per sq.ft, Easwaran Nagar at Rs 709 per sq.ft, and E B Colony at Rs 715 per sq.ft.