Guideline Value for Dhalavaipattinam Road

Dhalavaipattinam Road guideline value

The current guideline value of Dhalavaipattinam Road is Rs 1,450 per sq.ft, effective from 1 July 2024. This road is located in Dharapuram Ward 6 village, under the Dharapuram SRO, and is classified as Residential Special Type - I.

How the guideline value of Dhalavaipattinam Road has changed

The guideline value for Dhalavaipattinam Road has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 90 per sq.ft. In 2003, this value increased to Rs 101 per sq.ft, marking a 12% rise. The next significant jump occurred in 2017, where the value surged to Rs 871 per sq.ft, a remarkable increase of 762%. By 2023, the guideline value reached Rs 1,300 per sq.ft, reflecting a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 1,450 per sq.ft, which is a 12% increase from the previous year.

It is important to note that there are no recorded figures for the years 2007 and 2012 for Dhalavaipattinam Road. Overall, from 2002 to 2024, the guideline value has increased by 1511%, highlighting significant changes in property valuation over the years.

Guideline values in Dharapuram Ward 6

Dharapuram Ward 6 comprises 63 streets, with guideline values ranging from Rs 645 to Rs 1,820 per sq.ft as of 2024. The median value for this ward is Rs 1,330 per sq.ft, placing Dhalavaipattinam Road's current value above this median.

• C.S.I Nagar: Rs 1,450 per sq.ft (2024)
• Dombar Street Kattu Vaikkal (Jawahar Nagar): Rs 1,550 per sq.ft (2024)
• Church Street: Rs 1,380 per sq.ft (2024)
• Chiviyar Street: Rs 770 per sq.ft (2024)
• Gandhipuram: Rs 1,450 per sq.ft (2024)
• Gandhipuram Kurukkutheru -1: Rs 1,450 per sq.ft (2024)

Stamp duty and registration fee for property in Dhalavaipattinam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value amounts to Rs 14,50,000. The stamp duty is charged at 7%, which equals Rs 1,01,500, and the registration fee is 2%, amounting to Rs 29,000. Therefore, the total cost for stamp duty and registration fee together is Rs 1,30,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhalavaipattinam Road?

The Sub Registrar Office that covers Dhalavaipattinam Road is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value is a crucial factor in the property registration process. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property in Dharapuram Ward 6, the guideline value ensures that the transaction reflects a fair valuation according to government standards.

During the registration process, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Dhalavaipattinam Road?

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

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly from Rs 90 per sq.ft to Rs 1,450 per sq.ft in 2024. The most notable increase was from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, followed by a 12% rise to the current value.

What is the classification of Dhalavaipattinam Road?

Dhalavaipattinam Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Dhalavaipattinam Road?

The Sub Registrar Office for Dhalavaipattinam Road is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is stamp duty calculated for properties in Dharapuram Ward 6?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 14,50,000 incurs a stamp duty of Rs 1,01,500 at a rate of 7%.