Guideline Value for AMBETHKAR COLONY

Ambethkar Colony guideline value

The current guideline value of Ambethkar Colony is Rs 1,455 per sq.ft, effective from 1 July 2024. This area is located in Ward - E village, under the Tiruppur Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ambethkar Colony has changed

The guideline value for Ambethkar Colony has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,215 per sq.ft. This figure increased to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,300 per sq.ft in 2023, and further increased to the current value of Rs 1,455 per sq.ft in 2024. Notably, the register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 12%. The value saw a decrease of 33% from 2012 to 2017, and a modest increase of 7% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 20%.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 840 per sq.ft. Ambethkar Colony's guideline value is above this median.

• Ambethkar Nagar: Rs 1,455 per sq.ft (2024)
• Ambethkar Nagar Colony: Rs 1,455 per sq.ft (2024)
• A.K.G.Nagar: Rs 840 per sq.ft (2024)
• Anjal Nagar Extn: Rs 1,455 per sq.ft (2024)
• Anna Nagar East: Rs 840 per sq.ft (2024)
• Anna Nagar Extension: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,455 per sq.ft, the guideline value would be Rs 14,55,000. The stamp duty at 7% would amount to Rs 1,01,850, and the registration fee at 2% would be Rs 29,100, totaling Rs 1,30,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Colony?

The Sub Registrar Office that covers Ambethkar Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - E

The guideline value plays a crucial role during the registration process when buying or selling property in Ward - E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambethkar Colony?

The current guideline value of Ambethkar Colony is Rs 1,455 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,215 per sq.ft in 2007 to Rs 1,455 per sq.ft in 2024, with various revisions in between.

What is the land classification of Ambethkar Colony?

Ambethkar Colony is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Ambethkar Colony?

The Sub Registrar Office for Ambethkar Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Ambethkar Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 14,55,000 would incur a stamp duty of Rs 1,01,850 at 7%.