Guideline Value for Deivam Nagar

Deivam Nagar guideline value

The current guideline value of Deivam Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - III.

How the guideline value of Deivam Nagar has changed

The guideline value for Deivam Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 700 per sq.ft. This increased to Rs 469 per sq.ft in 2017, before rising to Rs 1,000 per sq.ft in 2023. The current guideline value stands at Rs 1,001 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 113%. Overall, the guideline value has increased by 43% from 2012 to 2024.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Deivam Nagar is below this median.

• Curio Garden: Rs 1,100 per sq.ft (2024)
• C.S. Nagar Main: Rs 1,100 per sq.ft (2024)
• C.S. Nagar Extension: Rs 1,100 per sq.ft (2024)
• C.S. Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• C.S. Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• C.S. Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Deivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost for these fees Rs 90,090. Please note that the 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 Deivam Nagar?

Deivam Nagar falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Deivam Nagar?

The current guideline value of Deivam Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 700 per sq.ft in 2012, decreasing to Rs 469 per sq.ft in 2017, and then increasing to Rs 1,000 per sq.ft in 2023, before reaching Rs 1,001 per sq.ft in 2024.

What are the other streets in Vadavalli with similar guideline values?

Other streets in Vadavalli, such as Curio Garden and C.S. Nagar Main, have a guideline value of Rs 1,100 per sq.ft as of 2024, which is higher than that of Deivam Nagar.

What fees are associated with buying property in Deivam Nagar?

When buying property in Deivam Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Deivam Nagar located?

The Sub Registrar Office covering Deivam Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.