Guideline Value for AMBEDHKAR STREET (RS.NO.54/1)

Ambedhkar Street (Rs.No.54/1) guideline value

The current guideline value for Ambedhkar Street (Rs.No.54/1) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kolathupalayam village and falls under the Dharapuram SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Ambedhkar Street (Rs.No.54/1) has changed

The guideline value for Ambedhkar Street has seen several revisions over the years. The 2012 revision set the value at Rs 195 per sq.ft, which increased to Rs 131 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 53% to reach Rs 200 per sq.ft. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 3%.

Guideline values in Kolathupalayam

In Kolathupalayam, there are 25 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median also at Rs 200 per sq.ft. Ambedhkar Street's 2024 figure is equal to this median.

• Chettiar Thottam (Rs.No.460/7): Rs 200 per sq.ft (2024)
• Ganapathi Nagar, Ganapathipalayam (Rs.No.542): Rs 200 per sq.ft (2024)
• Ganapathipalayam North (Rs.No.157): Rs 200 per sq.ft (2024)
• Ganapathipalayam South (Rs.No.166/4): Rs 200 per sq.ft (2024)
• Gandhiji Nagar (Rs.No.715,716): Rs 200 per sq.ft (2024)
• Karuvelampallam: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Street (Rs.No.54/1)

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, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedhkar Street (Rs.No.54/1)?

The Sub Registrar Office that covers Ambedhkar Street (Rs.No.54/1) is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Kolathupalayam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When purchasing property, the guideline value is typically used to determine the minimum price for registration. This means that even if the sale price is lower, the stamp duty will be calculated based on the guideline value, protecting the interests of the government in property transactions.

Frequently asked questions

What is the current guideline value of Ambedhkar Street (Rs.No.54/1)?

The current guideline value of Ambedhkar Street (Rs.No.54/1) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 195 per sq.ft in 2012 to Rs 131 per sq.ft in 2017, then increased to Rs 200 per sq.ft in both 2023 and 2024.

What is the land classification for Ambedhkar Street?

The land classification for Ambedhkar Street (Rs.No.54/1) is Residential Special Type - III.

Where can I find more information about the stamp duty and registration fees?

You can find more information about the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Ambedhkar Street?

The registration for Ambedhkar Street (Rs.No.54/1) is handled by the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.