Guideline Value for Dhamotharasamy layout

Dhamotharasamy layout guideline value

The current guideline value of Dhamotharasamy layout is Rs 1,120 per sq.ft, effective from 1 July 2024. This layout is located in Uppilipalayam village and falls under the Singanallur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Dhamotharasamy layout has changed

The guideline value for Dhamotharasamy layout has seen several revisions over the years. In 2007, the guideline value was Rs 230 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. Following this, the value rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,120 per sq.ft as of the 2024 revision. The changes from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 387%.

There are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Uppilipalayam

Uppilipalayam village has a total of 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for the village is Rs 1,232 per sq.ft, placing Dhamotharasamy layout's 2024 figure below that median.

• Dhanabal layout: Rs 1,120 per sq.ft (2024)
• Dhanalakshmi Nagar Extention: Rs 1,456 per sq.ft (2024)
• Dhanalakshmipuram north: Rs 2,016 per sq.ft (2024)
• Dhanalakshmipuram south: Rs 2,016 per sq.ft (2024)
• Devendara Street 1 to 11: Rs 1,120 per sq.ft (2024)
• Dr.Jayavarthanavelu Nagar: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamotharasamy layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400. Together, these fees would total Rs 1,00,800. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Dhamotharasamy layout?

The Dhamotharasamy layout is covered by the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Dhamotharasamy layout?

The current guideline value of Dhamotharasamy layout is Rs 1,120 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 230 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, marking an overall increase of 387%.

What are the stamp duty and registration fees for a property in Dhamotharasamy layout?

For a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 and the registration fee would be Rs 22,400, totaling Rs 1,00,800.

Where can I find the Sub Registrar Office for Dhamotharasamy layout?

The Sub Registrar Office covering Dhamotharasamy layout is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Dhamotharasamy layout?

Dhamotharasamy layout is classified as Residential Class I Type - III, indicating its suitability for residential development.