Guideline Value for AMBETHKAR NAGAR COLONY

Ambethkar Nagar Colony guideline value

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

How the guideline value of Ambethkar Nagar Colony has changed

The guideline value for Ambethkar Nagar Colony has seen significant changes over the years. In the 2012 revision, the value was Rs 750 per sq.ft, which increased to Rs 871 per sq.ft in 2017, marking a change of +16%. The value then rose to Rs 1,300 per sq.ft in 2023, reflecting a substantial increase of +49%. The latest 2024 revision shows a guideline value of Rs 1,455 per sq.ft, representing a +12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +94%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 840 per sq.ft, and Ambethkar Nagar Colony's 2024 figure of Rs 1,455 per sq.ft is above that median.

• Ambethkar Nagar: Rs 1,455 per sq.ft (2024)
• Ambethkar 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 Nagar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,455 per sq.ft, the total guideline value amounts to Rs 14,55,000. The stamp duty at 7% would be Rs 1,01,850, and the registration fee at 2% would be Rs 29,100, bringing the total to Rs 1,30,950. 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 Ambethkar Nagar Colony?

The Sub Registrar Office that covers Ambethkar Nagar 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 is a crucial factor when registering property transactions in Ward - E. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the purchase or sale of property.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar Colony?

The current guideline value of Ambethkar Nagar 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 increased from Rs 750 per sq.ft in 2012 to Rs 1,455 per sq.ft in 2024, marking an overall increase of +94% over this period.

What is the stamp duty rate for property in Ambethkar Nagar Colony?

The stamp duty rate for property transactions in Ambethkar Nagar Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ambethkar Nagar Colony located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a reference point for these calculations, ensuring that all transactions comply with local regulations.