Guideline Value for DHAMU NAGAR PHASE II

Dhamu Nagar Phase II guideline value

The current guideline value of Dhamu Nagar Phase II is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Pannimadai village, under the Vadavalli SRO, and is classified as Residential Class III Type - II.

How the guideline value of Dhamu Nagar Phase II has changed

The guideline value for Dhamu Nagar Phase II has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 500 per sq.ft. This increased to Rs 747 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Pannimadai

In Pannimadai, there are three streets that carry a guideline value for 2024, ranging from Rs 450 to Rs 825 per sq.ft. The median guideline value for these streets is Rs 715 per sq.ft, placing Dhamu Nagar Phase II above this median.

• Ananthaya Enclave: Rs 715 per sq.ft (2024)
• Stanes Narayanasamy Naidu Garden: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamu Nagar Phase II

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty, charged at 7%, would be Rs 57,750, and the registration fee, charged at 2%, would be Rs 16,500. Together, the total fees would amount to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Dhamu Nagar Phase II?

The Sub Registrar Office that covers Dhamu Nagar Phase II is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Pannimadai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhamu Nagar Phase II?

The current guideline value of Dhamu Nagar Phase II is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2017 to Rs 825 per sq.ft in 2024, which is an overall increase of 65%.

What is the registration office for Dhamu Nagar Phase II?

The registration office for Dhamu Nagar Phase II is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Dhamu Nagar Phase II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.

What are the guideline values of other streets in Pannimadai?

Other streets in Pannimadai have the following guideline values: Ananthaya Enclave is Rs 715 per sq.ft, and Stanes Narayanasamy Naidu Garden is Rs 450 per sq.ft for 2024.