Guideline Value for Dhamu Nagar

Dhamu Nagar guideline value

The current guideline value of Dhamu Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Ward 10 of the Peelamedu SRO, classified as Commercial Special Type - II.

How the guideline value of Dhamu Nagar has changed

Looking at the historical revisions, the guideline value for Dhamu Nagar has seen significant changes over the years. The 2007 revision set the value at Rs 900 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 233%. However, in 2017, the value dropped to Rs 2,010 per sq.ft, a decrease of 33%. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, followed by the latest revision in 2024, which increased it to Rs 3,300 per sq.ft, a rise of 10%.

From 2017 to 2023, the value increased by 49%, and overall, from 2007 to 2024, the guideline value has risen by 267%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Dhamu Nagar is above this median.

• Dhanalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Dhadapani Road (or ) Street: Rs 3,025 per sq.ft (2024)
• Dhandapani Flourmill Road - Palayur: Rs 1,320 per sq.ft (2024)
• Devaraj Muthaliyar Layout: Rs 2,750 per sq.ft (2024)
• CSR Layout: Rs 2,750 per sq.ft (2024)
• CR Sundaram Layout: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhamu Nagar?

The Sub Registrar Office that covers Dhamu Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Ward 10

The guideline value is a critical factor in the registration process when buying or selling property in Ward 10. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Dhamu Nagar?

The current guideline value of Dhamu Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification of Dhamu Nagar?

Dhamu Nagar is classified as Commercial Special Type - II, which influences its guideline value and potential uses.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.

How is stamp duty calculated in Dhamu Nagar?

Stamp duty in Dhamu Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.