Guideline Value for DHANALAKSHMI LAYOUT

Dhanalakshmi Layout guideline value

The current guideline value of Dhanalakshmi Layout is Rs 825 per sq.ft, effective from 1 July 2024. This area falls under Ward - L village and is classified as Residential Special Type - I. The guideline value is determined by the Tiruppur Joint II SRO.

How the guideline value of Dhanalakshmi Layout has changed

The guideline value of Dhanalakshmi Layout has seen several revisions over the years. In 2007, the value was set at Rs 295 per sq.ft. This figure increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 154%. However, between 2012 and 2017, the value decreased to Rs 502 per sq.ft, a drop of 33%. The value then increased again to Rs 750 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Ward - L

In Ward - L, there are 69 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 2,750 per sq.ft, with a median value of Rs 1,000 per sq.ft. Dhanalakshmi Layout's 2024 guideline value is below this median.

• Jeeva Nagar: Rs 825 per sq.ft (2024)
• Ayyan Nagar Main Road: Rs 703 per sq.ft (2024)
• Ayyan Nagarharijan Colony: Rs 701 per sq.ft (2024)
• Ayyan Nagar Extension 1st Street: Rs 701 per sq.ft (2024)
• Ayyan Nagar Extension 2nd Street: Rs 701 per sq.ft (2024)
• Ayyan Nagar 8th Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500. Therefore, the total cost for stamp duty and registration fees would be Rs 74,250. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Layout?

The Sub Registrar Office that covers Dhanalakshmi Layout 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 Ward - L

The guideline value is a crucial factor when registering property transactions in Ward - L. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately for taxation purposes.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Layout?

The current guideline value of Dhanalakshmi Layout is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 295 per sq.ft in 2007 to Rs 825 per sq.ft in 2024, representing an overall increase of 180%.

What are the stamp duty and registration fees for properties in Dhanalakshmi Layout?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which Sub Registrar Office covers Dhanalakshmi Layout?

The Tiruppur Joint II Sub Registrar Office covers Dhanalakshmi Layout, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property transactions, which affects the calculation of stamp duty and registration fees at the Sub Registrar Office.