Guideline Value for AMBEDKAR COLONY (Sundamedu)

AMBEDKAR COLONY (Sundamedu) guideline value

The current guideline value of AMBEDKAR COLONY (Sundamedu) is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Nallur_Tiruppur SRO, classified as Residential Class V Type - III.

How the guideline value of AMBEDKAR COLONY (Sundamedu) has changed

In the 2012 revision, the guideline value was Rs 100 per sq.ft, which increased to Rs 67 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value surged significantly to Rs 700 per sq.ft, representing an increase of 945%. The 2023 revision maintained the value at Rs 700 per sq.ft, and the same value continues into the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value increased by 600%.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft, with a median value of Rs 709 per sq.ft. The guideline value of AMBEDKAR COLONY (Sundamedu) is below this median.

• Ambethkar Nagar: Rs 708 per sq.ft (2024)
• Amaravathi Nagar Extn (Part II): Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn.: Rs 715 per sq.ft (2024)
• Amaravathi Nagar: Rs 715 per sq.ft (2024)
• Amman Kovil North Street: Rs 709 per sq.ft (2024)
• Alankadu: Rs 713 per sq.ft (2024)

Stamp duty and registration fee for property in AMBEDKAR COLONY (Sundamedu)

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 AMBEDKAR COLONY (Sundamedu)?

The AMBEDKAR COLONY (Sundamedu) falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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 area.

Frequently asked questions

What is the current guideline value of AMBEDKAR COLONY (Sundamedu)?

The current guideline value of AMBEDKAR COLONY (Sundamedu) is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 100 per sq.ft in 2012 to Rs 700 per sq.ft in 2024. The most notable increase was from 2017 to 2023, where it rose by 945%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for AMBEDKAR COLONY (Sundamedu)?

The Nallur_Tiruppur Sub Registrar Office handles registrations for AMBEDKAR COLONY (Sundamedu), located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

What is the land classification for AMBEDKAR COLONY (Sundamedu)?

AMBEDKAR COLONY (Sundamedu) is classified as Residential Class V Type - III, indicating its suitability for residential purposes.