Guideline Value for DHAMODHARAN NAGAR

Dhamodharan Nagar guideline value

The current guideline value of Dhamodharan Nagar in Veerapandi village under the Periyanayakkan Palayam SRO is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - V.

How the guideline value of Dhamodharan Nagar has changed

The guideline value for Dhamodharan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in 2017, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a rise of 65%. The most recent revision in 2024 has further increased the value to Rs 220 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for Dhamodharan Nagar for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO, with the 2024 guideline values ranging from Rs 220 to Rs 1,050 per sq.ft, and the median value being Rs 330 per sq.ft. Dhamodharan Nagar's 2024 figure is below this median.

• Dhaksin Avenue: Rs 390 per sq.ft (2024)
• Devi Nagar: Rs 390 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 Dhamodharan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhamodharan Nagar?

The Sub Registrar Office that covers Dhamodharan Nagar 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Veerapandi. It determines the minimum value at which property transactions can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy, ensuring that the sale price is not significantly lower than the guideline value. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Dhamodharan Nagar?

The current guideline value of Dhamodharan Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Dhamodharan Nagar?

Dhamodharan Nagar is classified as Residential Class III Type - V, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Dhamodharan Nagar?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles property registrations for Dhamodharan Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Dhamodharan Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.