Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Ward 10 under the Peelamedu SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 570 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 251%. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a drop of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, which was a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

There are no registered figures for Dhanalakshmi Nagar in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Ward 10

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

• Dhamu Nagar: Rs 3,300 per sq.ft (2024)
• Dhandapani Flourmill Road - Palayur: Rs 1,320 per sq.ft (2024)
• Dhadapani Road (or) Street: Rs 3,025 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 Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi 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 plays a crucial role in the registration of property transactions in Ward 10. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. This ensures that all property transactions are conducted transparently and in accordance with the established rates.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

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

For a 1,000 sq.ft plot, the total guideline value would be Rs 22,00,000, with a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Peelamedu Sub Registrar Office covers Dhanalakshmi Nagar, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification of Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified under Residential Class I Type - III, which indicates its designation for residential use.