Guideline Value for DHAKSIN AVENUE

Dhaksin Avenue guideline value

The current guideline value of Dhaksin Avenue in Veerapandi village is Rs 390 per sq.ft, effective from 1 July 2024. This area falls under the Periyanayakkan Palayam SRO and is classified as Residential Class I Type - I.

How the guideline value of Dhaksin Avenue has changed

Over the years, the guideline value of Dhaksin Avenue has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which then decreased to Rs 234 per sq.ft in the 2017 revision, marking a decline of 33%. However, this was followed by a significant increase of 50% in the 2023 revision, raising the value to Rs 350 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 390 per sq.ft, reflecting an 11% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value in this village is Rs 330 per sq.ft, positioning Dhaksin Avenue's 2024 figure above this median.

• Devi Nagar: Rs 390 per sq.ft (2024)
• Dhamodharan Nagar: Rs 220 per sq.ft (2024)
• Dhanam Nagar: Rs 390 per sq.ft (2024)
• Daimond Park: Rs 220 per sq.ft (2024)
• Covai Fair Lands: Rs 390 per sq.ft (2024)
• Durai Nagar: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Dhaksin Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 390 per sq.ft, the total guideline value amounts to Rs 3,90,000. The stamp duty at 7% would be Rs 27,300, and the registration fee at 2% would be Rs 7,800, making the total cost for these fees Rs 35,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhaksin Avenue?

The Sub Registrar Office covering Dhaksin Avenue is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When a property transaction occurs, the guideline value is used to assess the applicable fees, which are then paid at the time of registration. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dhaksin Avenue?

The current guideline value of Dhaksin Avenue is Rs 390 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 390 per sq.ft in 2024.

What is the land classification for Dhaksin Avenue?

Dhaksin Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Dhaksin Avenue?

The stamp duty for a property valued at Rs 3,90,000 is Rs 27,300, and the registration fee is Rs 7,800, totaling Rs 35,100 for a 1,000 sq.ft plot.

Where is the Sub Registrar Office for Dhaksin Avenue located?

The Sub Registrar Office for Dhaksin Avenue is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.