Guideline Value for AMBATHKAR STREET WARD-6

Ambathkar Street Ward-6 guideline value

The current guideline value of Ambathkar Street Ward-6 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Sanararamanallur_south village and falls under the Kaniyur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Ambathkar Street Ward-6 has changed

The guideline value for Ambathkar Street Ward-6 has experienced several revisions over the years. In the 2007 revision, the guideline value was Rs 25 per sq.ft, which increased to Rs 80 per sq.ft in 2012, marking a 220% rise. However, from 2012 to 2017, there was a decline of 33%, bringing the value to Rs 54 per sq.ft. The 2017 revision saw a significant increase of 270%, raising the value to Rs 200 per sq.ft, which remained unchanged in the 2023 revision.

With the 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating no change from the previous year. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 700%. It should be noted that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanararamanallur_south

In the Sanararamanallur_south village, there are 48 streets under the Kaniyur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Ambathkar Street Ward-6 is equal to this median.

• Ambathkar Steet Ward-10: Rs 200 per sq.ft (2024)
• Anna Street Ward-11: Rs 200 per sq.ft (2024)
• Anna Street Ward-8: Rs 200 per sq.ft (2024)
• Awaayar Street Ward-9: Rs 200 per sq.ft (2024)
• Batharakaliyamman Kovil Street Ward-7: Rs 200 per sq.ft (2024)
• Bharathithasan Street Ward-9: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambathkar Street Ward-6

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, bringing the total to 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 calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambathkar Street Ward-6?

The Sub Registrar Office covering Ambathkar Street Ward-6 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Sanararamanallur_south. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is documented accurately. Buyers should be aware that the guideline value can influence their overall costs during the purchase process.

Frequently asked questions

What is the current guideline value of Ambathkar Street Ward-6?

The current guideline value of Ambathkar Street Ward-6 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, which is a total increase of 700% over the years.

What land classification does Ambathkar Street Ward-6 fall under?

Ambathkar Street Ward-6 is classified as Residential Class III Type - V.

Where is the Kaniyur Sub Registrar Office located?

The Kaniyur Sub Registrar Office is located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.