Guideline Value for Deniel Nagar

Deniel Nagar guideline value

The current guideline value of Deniel Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Deniel Nagar has changed

The guideline value for Deniel Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then rose again to the current figure of Rs 450 per sq.ft in 2024, marking a 13% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, there has been a 13% increase in the guideline value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 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's 2024 figure above that median.

• Deniel Nagar Extension: Rs 380 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

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total charges Rs 40,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Deniel Nagar?

The Sub Registrar Office that covers Deniel Nagar 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Narasimmanaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When a property transaction occurs, the guideline value is assessed to calculate the applicable fees, which helps maintain transparency and consistency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Deniel Nagar?

The current guideline value of Deniel Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 in 2023, and currently to Rs 450 in 2024.

What is the land classification of Deniel Nagar?

Deniel Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

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

How is stamp duty calculated for properties in Deniel Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 at a rate of 7%.