Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has seen several revisions over the years. Starting from Rs 100 per sq.ft in 2007, it increased significantly to Rs 400 per sq.ft in 2012. This was followed by a decrease to Rs 268 per sq.ft in 2017, before rising again to Rs 400 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 450 per sq.ft.

In terms of percentage changes, the increase from 2023 to 2024 was +13%. From 2017 to 2023, there was a notable increase of +49%. However, between 2012 and 2017, the value decreased by -33%. The most significant rise occurred from 2007 to 2012, with a +300% increase. Overall, from 2007 to 2024, the guideline value has increased by +350%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam village has a total of 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft as of 2024. The median guideline value in this area is Rs 310 per sq.ft, placing Dhanalakshmi Nagar's 2024 figure above that median.

• Deniel Nagar Extension: Rs 380 per sq.ft (2024)
• Deniel Nagar: Rs 450 per sq.ft (2024)
• Daimand Nagar: Rs 220 per sq.ft (2024)
• Dr. APJ NAGAR: Rs 330 per sq.ft (2024)
• Dream City: Rs 220 per sq.ft (2024)
• City Circle: Rs 1,340 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 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

Dhanalakshmi Nagar falls under the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Narasimmanaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 450 per sq.ft in 2024, with various revisions in between. The most significant increase occurred from 2007 to 2012, with a +300% change.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 40,500 based on the current guideline value.

Which office handles property registrations in Dhanalakshmi Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Dhanalakshmi Nagar. It is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark to ensure that transactions are recorded at a fair value, promoting transparency in the real estate market.