Guideline Value for DHANAKKAMPARAIKKADU

Dhanakkamparaikkadu guideline value

The current guideline value of Dhanakkamparaikkadu is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Muthanampalayam village under the Tiruppur Joint I SRO, classified as Residential Special Type - IV.

How the guideline value of Dhanakkamparaikkadu has changed

Over the years, the guideline value of Dhanakkamparaikkadu has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which increased to Rs 100 per sq.ft in 2017. Following this, the value surged to Rs 700 per sq.ft in 2023 and remained the same in the 2024 revision, indicating a 600% increase from 2017 to 2023. The overall change from 2012 to 2024 is +367%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2023 to 2024 revision shows no change, maintaining the guideline value at Rs 700 per sq.ft.

Guideline values in Muthanampalayam

Muthanampalayam village has a total of 178 streets under the Tiruppur Joint I SRO, with 2024 guideline values ranging from Rs 700 to Rs 896 per sq.ft. The guideline value of Dhanakkamparaikkadu aligns with the median value of Rs 700 per sq.ft in the village.

• Dharapuram Road (Beyond Kovil Vazhi): Rs 708 per sq.ft (2024)
• Dharapuram Road (Upto Kovil Vazhi): Rs 711 per sq.ft (2024)
• Deivam Nagar: Rs 700 per sq.ft (2024)
• Cheran Tholilalar Colony: Rs 708 per sq.ft (2024)
• Cheran Nagar: Rs 700 per sq.ft (2024)
• Cheran Labour Colony: Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanakkamparaikkadu

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanakkamparaikkadu?

The Sub Registrar Office that covers Dhanakkamparaikkadu is the Tiruppur Joint I 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 information.

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

The guideline value is a critical factor during property transactions in Muthanampalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying, while sellers can use it to set competitive prices.

Frequently asked questions

What is the current guideline value of Dhanakkamparaikkadu?

The current guideline value of Dhanakkamparaikkadu is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, reflecting an overall increase of 367% over this period.

What is the land classification of Dhanakkamparaikkadu?

Dhanakkamparaikkadu is classified as Residential Special Type - IV under the guidelines set by the registration department.

Where is the Sub Registrar Office for Dhanakkamparaikkadu located?

The Sub Registrar Office for Dhanakkamparaikkadu is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is stamp duty calculated for properties in Dhanakkamparaikkadu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.