Guideline Value for Deepam nagar

Deepam nagar guideline value

The current guideline value for Deepam Nagar, located in Irugur village under the Singanallur SRO, is Rs 880 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Deepam nagar has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The current value of Rs 880 per sq.ft in the 2024 revision reflects a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available 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 guideline value for these streets is Rs 440 per sq.ft, placing Deepam Nagar's 2024 figure above that median.

• Daisy Garden: Rs 440 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 Deepam nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Deepam nagar?

The Sub Registrar Office that covers Deepam Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. 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 in the registration process when buying or selling property in Irugur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure compliance with the legal requirements. This value serves as a reference point for both parties involved in the transaction, ensuring transparency and adherence to local regulations.

Frequently asked questions

What is the current guideline value for Deepam Nagar?

The current guideline value for Deepam Nagar is Rs 880 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty rates for property in Deepam Nagar?

The stamp duty for property in Deepam Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Deepam Nagar is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, under the Singanallur registration zone.

What is the median guideline value for streets in Irugur?

The median guideline value for streets in Irugur is Rs 440 per sq.ft, with Deepam Nagar's current value being above this median at Rs 880 per sq.ft.