Guideline Value for Daimand Nagar

Daimand Nagar guideline value

The current guideline value of Daimand Nagar, located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - V land classification.

How the guideline value of Daimand Nagar has changed

The guideline value for Daimand Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in 2017. Following this, the value increased significantly by 65% to Rs 200 per sq.ft in 2023. The most recent revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 220 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value in this village is Rs 310 per sq.ft, placing Daimand Nagar's 2024 figure below that median.

• Deniel Nagar: Rs 450 per sq.ft (2024)
• Deniel Nagar Extension: Rs 380 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 450 per sq.ft (2024)
• City Circle: Rs 1,340 per sq.ft (2024)
• Chitra Nagar: Rs 450 per sq.ft (2024)
• Dr. APJ NAGAR: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Daimand Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,20,000. The stamp duty at 7% amounts to Rs 15,400, and the registration fee at 2% is Rs 4,400, totaling Rs 19,800. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Daimand Nagar?

The Sub Registrar Office covering Daimand 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 Narasimmanaickenpalayam

The guideline value plays a crucial role during property registration in Narasimmanaickenpalayam. It serves as a benchmark for determining the minimum value at which properties can be sold and helps in calculating the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures transparency and consistency in transactions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Daimand Nagar?

The current guideline value of Daimand 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 of Daimand Nagar?

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

What is the stamp duty rate for properties in Daimand Nagar?

The stamp duty rate for properties in Daimand Nagar is set at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Daimand Nagar?

The Sub Registrar Office for Daimand Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.