Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Kallikanaickenpalayam village under the Thondamuthur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 226 per sq.ft in 2023, and the most recent revision in 2024 has raised it to Rs 250 per sq.ft. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The change from 2023 to 2024 reflects an increase of 11%, while the jump from 2017 to 2023 represents a 50% rise. The decline from 2012 to 2017 was notable at 33%.

Guideline values in Kallikanaickenpalayam

Kallikanaickenpalayam consists of 51 streets under the Thondamuthur SRO, with a 2024 guideline value range from Rs 225 to Rs 1,180 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Ambal Nagar's current guideline value at this median level.

• Arijana Colony: Rs 225 per sq.ft (2024)
• Aruchamy Devar Nagar: Rs 250 per sq.ft (2024)
• Ayyammal Avenue: Rs 560 per sq.ft (2024)
• Bose Garden: Rs 560 per sq.ft (2024)
• BOYER St: Rs 225 per sq.ft (2024)
• C P C Avanue: Rs 450 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or 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 covering Ambal Nagar is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, 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 Kallikanaickenpalayam

The guideline value is a crucial factor in property transactions in Kallikanaickenpalayam, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value ensures that the transaction is registered at a fair value as per government standards.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023, and finally to Rs 250 per sq.ft in 2024.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Residential Class II Type - III, according to the local land classification standards.

Where can I find the Thondamuthur Sub Registrar Office?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108.

How is the stamp duty calculated for properties in Ambal Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 17,500.