Guideline Value for Dhanalakshmi Gardens

Dhanalakshmi Gardens guideline value

The current guideline value of Dhanalakshmi Gardens is Rs 1,550 per sq.ft, effective from 1 July 2024. This area is located in Kumarapalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Dhanalakshmi Gardens has changed

The guideline value for Dhanalakshmi Gardens has seen revisions over the years. The most recent revision in 2024 set the value at Rs 1,550 per sq.ft, which is an increase of 11% from the 2023 revision of Rs 1,400 per sq.ft. Prior to 2023, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has increased from Rs 1,400 per sq.ft in 2023 to Rs 1,550 per sq.ft in 2024. The previous revisions do not have recorded figures for Dhanalakshmi Gardens, indicating a lack of data for those years.

Guideline values in Kumarapalayam

Kumarapalayam village has a total of 290 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value for the village is Rs 1,001 per sq.ft, placing Dhanalakshmi Gardens above this median.

• D.G.Ramasamy Naidu Street: Rs 1,002 per sq.ft (2024)
• Dr.Raja Rathinam Layout: Rs 1,000 per sq.ft (2024)
• Durga Nagar: Rs 1,000 per sq.ft (2024)
• Eastwest Street (Govt.): Rs 1,001 per sq.ft (2024)
• E.B.Colony: Rs 1,000 per sq.ft (2024)
• E.B.Colony Palaniappa Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. 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 detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Gardens?

Dhanalakshmi Gardens is covered by the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kumarapalayam. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees payable.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Gardens?

The current guideline value of Dhanalakshmi Gardens is Rs 1,550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,400 per sq.ft in 2023 to Rs 1,550 per sq.ft in 2024, marking an 11% increase.

What are the other guideline values in Kumarapalayam?

In Kumarapalayam, other streets have guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft, with a median value of Rs 1,001 per sq.ft.

Where is the Sub Registrar Office located for Dhanalakshmi Gardens?

The Sub Registrar Office covering Dhanalakshmi Gardens is located at No.410a, Raja Street, Coimbatore-641001.

How is the stamp duty calculated for properties in Dhanalakshmi Gardens?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 at 7%.