Guideline Value for Deniel Nagar Extension

Deniel Nagar Extension guideline value

The current guideline value for Deniel Nagar Extension is Rs 380 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village and falls under the Periyanayakkan Palayam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Deniel Nagar Extension has changed

The guideline value for Deniel Nagar Extension has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 340 per sq.ft. In 2017, it decreased to Rs 228 per sq.ft. This was followed by an increase to Rs 341 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 380 per sq.ft. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 50%. The jump from 2023 to 2024 is 11%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Narasimmanaickenpalayam

In Narasimmanaickenpalayam, there are 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median value for these streets is Rs 310 per sq.ft, placing Deniel Nagar Extension's 2024 value above this median.

• Deniel Nagar: Rs 450 per sq.ft (2024)
• Daimand Nagar: Rs 220 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 450 per sq.ft (2024)
• City Circle: Rs 1,340 per sq.ft (2024)
• Dr. APJ NAGAR: Rs 330 per sq.ft (2024)
• Dream City: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Deniel Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total fees to Rs 34,200. 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 details.

Which Sub Registrar Office covers Deniel Nagar Extension?

The Sub Registrar Office that covers Deniel Nagar Extension is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Narasimmanaickenpalayam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at a fair value as per the government regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Deniel Nagar Extension?

The current guideline value of Deniel Nagar Extension is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 340 per sq.ft in 2012 to Rs 228 per sq.ft in 2017, then increased to Rs 341 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What is the land classification of Deniel Nagar Extension?

Deniel Nagar Extension is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Deniel Nagar Extension?

The Sub Registrar Office for Deniel Nagar Extension is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 380 per sq.ft incurs a total guideline value of Rs 3,80,000, leading to a stamp duty of Rs 26,600.