Guideline Value for ACC NAGAR.AMBAL NAGAR

Acc Nagar.Ambal Nagar guideline value

The current guideline value of Acc Nagar.Ambal Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Acc Nagar.Ambal Nagar has changed

The guideline value for Acc Nagar.Ambal Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased to Rs 1,250 per sq.ft in 2012. However, this value decreased to Rs 837 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 1,250 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 1,400 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 79%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Acc Nagar.Ambal Nagar is above this median.

• Acc Nagar: Rs 1,400 per sq.ft (2024)
• Acc Nagar.N.M.Nagar: Rs 1,400 per sq.ft (2024)
• Abiraminagar North Side: Rs 1,010 per sq.ft (2024)
• Abirami Nagar: Rs 1,010 per sq.ft (2024)
• Alamarathottam: Rs 1,010 per sq.ft (2024)
• Alamelu Mangapuram.Thiruvenkatasamy Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Acc Nagar.Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty, charged at 7%, would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. 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 further calculations.

Which Sub Registrar Office covers Acc Nagar.Ambal Nagar?

The Sub Registrar Office that covers Acc Nagar.Ambal Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and fairness in property dealings, as the guideline value reflects the official valuation of the property based on various factors.

Frequently asked questions

What is the current guideline value of Acc Nagar.Ambal Nagar?

The current guideline value of Acc Nagar.Ambal Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, showing an overall increase of 100% over this period.

What are the stamp duty and registration fees for property in Acc Nagar.Ambal Nagar?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,26,000.

Which office handles property registrations for Acc Nagar.Ambal Nagar?

The Ganapathy Sub Registrar Office handles property registrations for Acc Nagar.Ambal Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Coimbatore.

What is the land classification for Acc Nagar.Ambal Nagar?

Acc Nagar.Ambal Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.