Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

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

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased to Rs 1,250 per sq.ft in 2012. However, it then decreased to Rs 837 per sq.ft in 2017. The value saw a significant increase to Rs 1,250 per sq.ft in 2023, followed by another rise to Rs 1,400 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the changes were notable. From 2007 to 2012, there was an increase of 79%, followed by a decrease of 33% from 2012 to 2017. The value then jumped 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 that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, making the guideline value for Ambal Nagar above this median.

• Ambethkar Veethi: Rs 1,010 per sq.ft (2024)
• Amarar Jeeva Road: Rs 1,120 per sq.ft (2024)
• Ammankovil Thottam, Rajagopalapuram: Rs 1,400 per sq.ft (2024)
• Alamelu Mangapuram.Thiruvenkatasamy Nagar: Rs 1,400 per sq.ft (2024)
• Amman Nagar: Rs 1,010 per sq.ft (2024)
• Alamarathottam: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in 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 amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total costs to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers 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 during property transactions in Ganapathy. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value serves as a benchmark to ensure that the transaction is recorded accurately and fairly.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of 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 significantly, starting from Rs 700 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 100% over the years.

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

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office covers Ambal Nagar?

The Ganapathy Sub Registrar Office covers Ambal Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the land classification of Ambal Nagar?

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