Guideline Value for Dhamu Nagar

Dhamu Nagar guideline value

The current guideline value of Dhamu Nagar is Rs 420 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village under the Periyanayakkan Palayam SRO and is classified as Residential Class I Type - II.

How the guideline value of Dhamu Nagar has changed

The guideline value for Dhamu Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 375 per sq.ft, which then decreased to Rs 251 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 375 per sq.ft in 2023, and then rose to Rs 420 per sq.ft in the 2024 revision, marking a 12% increase from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been a 12% increase in the guideline value.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 320 to Rs 1,110 per sq.ft. The median guideline value in the village is Rs 370 per sq.ft, placing Dhamu Nagar's 2024 value above this median.

• Dhyan Residency: Rs 660 per sq.ft (2024)
• C.S.I. Nagar: Rs 340 per sq.ft (2024)
• D.R.D. Nagar: Rs 420 per sq.ft (2024)
• Duraisamy Nagar: Rs 420 per sq.ft (2024)
• Cinnakannan pudur: Rs 325 per sq.ft (2024)
• E.B. Colony: Rs 360 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 420 per sq.ft, the total guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, and the registration fee at 2% would be Rs 8,400, making the total fees Rs 37,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the 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 Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, 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 Gudalur

The guideline value plays a crucial role in the registration of property transactions in Gudalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is compared with the sale price. The stamp duty is charged on the higher of the two values, which ensures that the transaction is recorded at a fair value according to the official register.

Frequently asked questions

What is the current guideline value of Dhamu Nagar?

The current guideline value of Dhamu Nagar is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2012 to Rs 251 per sq.ft in 2017, then increased to Rs 375 per sq.ft in 2023, and finally to Rs 420 per sq.ft in 2024.

What is the land classification of Dhamu Nagar?

Dhamu Nagar is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property in Dhamu Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,20,000, the total fees would be Rs 37,800.

Which office handles the registration for Dhamu Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles the registration for Dhamu Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.