Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,008 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - II land classification.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 125 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,008 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 380% from 2007 to 2012, decreased by 33% from 2012 to 2017, and saw a remarkable increase of 149% from 2017 to 2023. The change from 2023 to 2024 is a slight increase of 1%. Overall, from 2007 to 2024, the guideline value has increased by 706%.

Guideline values in Villankuruchi

In Villankuruchi village, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median guideline value is Rs 1,008 per sq.ft, which is equal to the current figure for Ambal Nagar.

• Ambethkhar Nagar: Rs 1,005 per sq.ft (2024)
• A M D Nagar: Rs 1,006 per sq.ft (2024)
• Amman Nagar Peace-1,2,3,4: Rs 1,010 per sq.ft (2024)
• Akkammal lay out: Rs 1,008 per sq.ft (2024)
• Anbu Nagar/Murugan Nagar: Rs 1,010 per sq.ft (2024)
• Andal Nagar/Sri Ambal Nagar: Rs 1,008 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 1,008 per sq.ft, the total guideline value amounts to Rs 10,08,000. The stamp duty at 7% would be Rs 70,560, and the registration fee at 2% would be Rs 20,160, leading to a total of Rs 90,720. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal Nagar?

The Ganapathy Sub Registrar Office covers Ambal Nagar. The office is 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 Villankuruchi

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 1,008 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 125 per sq.ft in 2007 to Rs 1,008 per sq.ft in 2024, marking an overall increase of 706%.

What is the land classification for Ambal Nagar?

Ambal Nagar is classified as Residential Class I Type - II.

What is the registration office for Ambal Nagar?

The registration office for Ambal Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated in Ambal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 10,08,000 would incur a stamp duty of Rs 70,560 at 7%.