Guideline Value for AMBATHKAR STREET WARD-3

Ambathkar Street Ward-3 guideline value

The current guideline value of Ambathkar Street Ward-3 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Sankaramanallur_north village, under the Kaniyur SRO. It falls under the Residential Class III Type - V land classification.

How the guideline value of Ambathkar Street Ward-3 has changed

The guideline value for Ambathkar Street Ward-3 has undergone several revisions over the years. In the 2007 revision, the value was Rs 25 per sq.ft. This increased to Rs 90 per sq.ft in 2012, but then saw a decrease to Rs 60 per sq.ft in 2017. The value significantly rose to Rs 200 per sq.ft in both the 2023 and 2024 revisions, reflecting a substantial increase of 233% from 2017 to 2023 and an overall increase of 700% from 2007 to 2024.

The register does not have figures for the years 2002 and 2003 for this street. The 2024 revision maintains the same rate as 2023, showing no percentage change between these two years.

Guideline values in Sankaramanallur_north

In Sankaramanallur_north, there are 12 streets under the Kaniyur SRO that carry a 2024 guideline value, all at Rs 200 per sq.ft. The median value for these streets is also Rs 200 per sq.ft, placing Ambathkar Street Ward-3 at the same level as this median.

• Ganthi Steet Ward-1: Rs 200 per sq.ft (2024)
• Ganthi Street Ward-2: Rs 200 per sq.ft (2024)
• Ganthi Street Ward-4: Rs 200 per sq.ft (2024)
• Kamarajar Street Ward-3: Rs 200 per sq.ft (2024)
• Kasthuribay Street Ward-4: Rs 200 per sq.ft (2024)
• Neru Street Ward-3: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambathkar Street Ward-3

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambathkar Street Ward-3?

The Sub Registrar Office that covers Ambathkar Street Ward-3 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Triupur District - 642 203. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sankaramanallur_north

The guideline value is a crucial factor during the registration of property transactions in Sankaramanallur_north. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, as it prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of Ambathkar Street Ward-3?

The current guideline value of Ambathkar Street Ward-3 is Rs 200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 700% over the years.

What is the median guideline value for streets in Sankaramanallur_north?

The median guideline value for streets in Sankaramanallur_north is Rs 200 per sq.ft, which is the same as the guideline value for Ambathkar Street Ward-3.

What are the stamp duty and registration fees for properties in Ambathkar Street Ward-3?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Ambathkar Street Ward-3?

The Kaniyur Sub Registrar Office handles property registrations for Ambathkar Street Ward-3, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Triupur District - 642 203.