Guideline Value for AMBEDKAR STREET

Ambedkar Street guideline value

The current guideline value of Ambedkar Street in Suleswaranpatty village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Pollachi SRO and is classified as Residential Class I Type - I.

How the guideline value of Ambedkar Street has changed

The guideline value for Ambedkar Street has seen several revisions over the years. In 2007, the value was Rs 125 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017, before rising again to Rs 200 per sq.ft in both 2023 and 2024, showing a 49% increase from 2017 to 2023 and no change from 2023 to 2024. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 60%. The consistent value of Rs 200 per sq.ft in the 2023 and 2024 revisions indicates stability in the pricing for this street after the fluctuations observed in previous years.

Guideline values in Suleswaranpatty

In Suleswaranpatty, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 490 per sq.ft, with the median being Rs 200 per sq.ft. Ambedkar Street's 2024 figure matches this median value.

• Amman Kovil Street: Rs 200 per sq.ft (2024)
• Alagapuri Street: Rs 200 per sq.ft (2024)
• Alagappan Street: Rs 301 per sq.ft (2024)
• Alagappa Nagar: Rs 200 per sq.ft (2024)
• Anbalagan Street: Rs 200 per sq.ft (2024)
• Annai Indra Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street

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 cost for these fees to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Street?

The Sub Registrar Office that covers Ambedkar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001., Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Suleswaranpatty, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value is used to assess the transaction for taxation purposes. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Ambedkar Street?

The current guideline value of Ambedkar Street 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 125 per sq.ft in 2007, to Rs 200 in 2012, Rs 134 in 2017, and back to Rs 200 in both 2023 and 2024, showing a 60% increase overall from 2007 to 2024.

What is the land classification of Ambedkar Street?

Ambedkar Street is classified as Residential Class I Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Ambedkar Street?

The Sub Registrar Office for Ambedkar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001., Coimbatore registration zone.

How is the stamp duty calculated for properties on Ambedkar Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 18,000, including stamp duty and registration fees.