Guideline Value for Daisy Garden

Daisy Garden guideline value

The current guideline value of Daisy Garden, located in Irugur village, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Singanallur Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Daisy Garden has changed

The guideline value of Daisy Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 brought the value to Rs 440 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,200 per sq.ft. The median value for these streets is Rs 440 per sq.ft, which is equal to the current guideline value of Daisy Garden.

• Deepam nagar: Rs 880 per sq.ft (2024)
• Devanagoundar veethy: Rs 440 per sq.ft (2024)
• Dharmarajakoil Street: Rs 440 per sq.ft (2024)
• Divine avenue: Rs 440 per sq.ft (2024)
• Chinniyampalayam Road: Rs 600 per sq.ft (2024)
• Chinniampalayam panchayat venkatapuram road: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Daisy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, these fees total Rs 39,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Daisy Garden?

The Daisy Garden area is covered by the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Irugur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Daisy Garden?

The current guideline value of Daisy Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty rates for property in Daisy Garden?

The stamp duty for property transactions in Daisy Garden is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Which office handles registrations for Daisy Garden?

The Singanallur Sub Registrar Office handles registrations for Daisy Garden. It is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the significance of the guideline value?

The guideline value is used as a reference point for property transactions in Irugur. It helps in determining the minimum value for buying or selling properties and is essential for calculating the associated stamp duty and registration fees.