Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Muthanampalayam village, is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Special Type - IV.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen significant changes over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft, which then increased to Rs 100 per sq.ft in the 2017 revision. Following this, the value surged to Rs 700 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, reflecting a 600% increase from 2017 to 2023 and an overall increase of 367% from 2012 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The absence of data from these years suggests a lack of recorded guideline values during that period.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft, with a median value of Rs 700 per sq.ft. Ambal Nagar's 2024 guideline value aligns with this median.

• Amaravathi Nagar: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Alagapuri Nagar: Rs 708 per sq.ft (2024)
• A.I.B.E.A Nagr: Rs 708 per sq.ft (2024)
• A.I.B.E.A Nagar Ext: Rs 711 per sq.ft (2024)
• Andhithottam: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers Ambal Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Muthanampalayam

The guideline value is a crucial factor during the registration of property transactions in Muthanampalayam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid issues during registration.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, marking an overall increase of 367% over this period.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Residential Special Type - IV under the guideline value register.

Where can I find the Sub Registrar Office for Ambal Nagar?

The Sub Registrar Office for Ambal Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for property in Ambal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 700 per sq.ft, the total stamp duty would be Rs 49,000.