Guideline Value for DHANALAKSHMI MILL COLONY

Dhanalakshmi Mill Colony guideline value

The current guideline value of Dhanalakshmi Mill Colony is Rs 2,575 per sq.ft, effective from 1 July 2024. This area is located in Ward - J village under the Tiruppur Joint I SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Dhanalakshmi Mill Colony has changed

The guideline value for Dhanalakshmi Mill Colony has seen several revisions over the years. In 2007, the value was Rs 1,995 per sq.ft, which increased to Rs 2,300 per sq.ft in 2012. However, there was a significant drop to Rs 1,541 per sq.ft in 2017. Following this, the value rose to Rs 2,300 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,575 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. The increase from 2023 to 2024 was 12%, while the jump from 2017 to 2023 was 49%. The value decreased by 33% from 2012 to 2017, and there was a 15% rise from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 29%.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Dhanalakshmi Mill Colony's 2024 figure of Rs 2,575 per sq.ft is above this median.

• Devanagapuram Street: Rs 2,015 per sq.ft (2024)
• Devanagapuram Rajarajan Street: Rs 2,015 per sq.ft (2024)
• C.S.I.Churc(Compound (Gnanaprakasan Street): Rs 1,455 per sq.ft (2024)
• Elementary School Street: Rs 840 per sq.ft (2024)
• Chinnagoundanpalayam: Rs 840 per sq.ft (2024)
• Chenguttuvan Sandhu: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Mill Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,575 per sq.ft, the total guideline value would be Rs 25,75,000. The stamp duty at 7% would amount to Rs 1,80,250, and the registration fee at 2% would be Rs 51,500, bringing the total to Rs 2,31,750. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Mill Colony?

The Dhanalakshmi Mill Colony falls under the Tiruppur Joint I 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 - J

The guideline value is a crucial factor in the registration process for property transactions in Ward - J. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in this area.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. This value helps maintain transparency in property transactions and ensures that buyers and sellers are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Mill Colony?

The current guideline value of Dhanalakshmi Mill Colony is Rs 2,575 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,995 per sq.ft in 2007 to Rs 2,575 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,541 per sq.ft in 2017.

What are the other streets in Ward - J?

Other streets in Ward - J include Devanagapuram Street and Devanagapuram Rajarajan Street, both valued at Rs 2,015 per sq.ft in 2024, among others.

What is the registration fee for property in Dhanalakshmi Mill Colony?

The registration fee for property in Dhanalakshmi Mill Colony is calculated based on the guideline value, with a rate of 2% applied to the total guideline value of the property.

Where can I find the Sub Registrar Office for Dhanalakshmi Mill Colony?

The Sub Registrar Office covering Dhanalakshmi Mill Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.