Guideline Value for Deivanai Nagar

Deivanai Nagar guideline value

The current guideline value of Deivanai Nagar, located in P. Chettipalayam village, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Deivanai Nagar has changed

The guideline value for Deivanai Nagar has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision before the current one was in 2023, where the guideline value was Rs 200 per sq.ft. The change from 2023 to 2024 represents an increase of 10%, bringing the current value to Rs 220 per sq.ft.

Prior to the 2023 revision, there were no figures available for the aforementioned years. The current guideline value reflects the most recent adjustment, indicating a notable increase from the previous year's rate.

Guideline values in P. Chettipalayam

In P. Chettipalayam, there are 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 470 per sq.ft, which means Deivanai Nagar's 2024 figure is below this median.

• Dhanam Nagar: Rs 550 per sq.ft (2024)
• Co.operative Nagar: Rs 330 per sq.ft (2024)
• Coimbatore Postel House Building Society Phase II Colony: Rs 330 per sq.ft (2024)
• C.M.C.Colony: Rs 470 per sq.ft (2024)
• C.J. Plots: Rs 330 per sq.ft (2024)
• C.J Layout: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Deivanai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Deivanai Nagar?

The Sub Registrar Office that covers Deivanai Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor in property transactions in P. Chettipalayam. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees during the buying or selling process.

When you register a property, the guideline value is used to assess the applicable charges. It is important to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Deivanai Nagar?

The current guideline value of Deivanai Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, representing a 10% increase.

What is the land classification for Deivanai Nagar?

Deivanai Nagar is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Deivanai Nagar?

For a 1,000 sq.ft plot valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

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

The Sub Registrar Office for Deivanai Nagar is located at No.410a, Raja Street, Coimbatore-641001, under the Coimbatore South Joint 1 SRO.