Guideline Value for AMBATHKAR NAGAR (886,887)

Ambathkar Nagar (886,887) guideline value

The current guideline value for Ambathkar Nagar (886,887) is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kotagiri -1 village, under the Kothagiri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ambathkar Nagar (886,887) has changed

Over the years, the guideline value for Ambathkar Nagar has seen several revisions. The 2017 revision set the value at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The latest revision in 2024 has kept the value at Rs 200 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kotagiri -1

In Kotagiri -1, there are 79 streets under the Kothagiri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 825 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Ambathkar Nagar is below this median.

• Annodai, Kamaraj Nagar (154,155,156,157,158,159,160): Rs 200 per sq.ft (2024)
• Araiyatty (465,466,464,473): Rs 300 per sq.ft (2024)
• Avenu Road (1134,1135,1142,1144,1147): Rs 200 per sq.ft (2024)
• Barthi Nagar (823,838): Rs 200 per sq.ft (2024)
• Bazzar Mariamman Kovil (1032,1033,1034): Rs 715 per sq.ft (2024)
• Benthatty (726,727,728,729,730): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ambathkar Nagar (886,887)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Ambathkar Nagar (886,887)?

The Sub Registrar Office that covers Ambathkar Nagar (886,887) is the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kotagiri -1

The guideline value plays a crucial role in the registration process when buying or selling property in Kotagiri -1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value for Ambathkar Nagar?

The current guideline value for Ambathkar Nagar (886,887) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambathkar Nagar increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty rates for property transactions in Ambathkar Nagar?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Where can I find the Kothagiri Sub Registrar Office?

The Kothagiri Sub Registrar Office is located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone.

What is the land classification for Ambathkar Nagar?

Ambathkar Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.