Guideline Value for AMBETHKAR NAGAR

Ambethkar Nagar guideline value

The current guideline value of Ambethkar Nagar is Rs 708 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village, under the Nallur_Tiruppur SRO, with a land classification of Residential Class IV Type - II.

How the guideline value of Ambethkar Nagar has changed

The guideline value for Ambethkar Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 40 per sq.ft. This increased to Rs 180 per sq.ft in 2012, before dropping to Rs 121 per sq.ft in 2017. The value then rose dramatically to Rs 700 per sq.ft in 2023, marking a 479% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 708 per sq.ft, reflecting a 1% increase from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1670%, showcasing a substantial rise over the years.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO carrying 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 Ambethkar Nagar is below this median.

• AMBEDKAR COLONY (Sundamedu): Rs 700 per sq.ft (2024)
• Amman Kovil North Street: Rs 709 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)
• Alankadu: Rs 713 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total to Rs 63,720. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Nagar?

The Sub Registrar Office that covers Ambethkar Nagar is 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 when buying or selling property in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

When a property transaction occurs, the guideline value is referenced to ensure that the correct fees are paid to the government. This helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar?

The current guideline value of Ambethkar Nagar is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 40 per sq.ft in 2007 to Rs 708 per sq.ft in 2024, which is a total increase of 1670% over the years.

What are the other streets in Veerapandi with their guideline values?

Other streets in Veerapandi include AMBEDKAR COLONY (Sundamedu) at Rs 700 per sq.ft, Amman Kovil North Street at Rs 709 per sq.ft, and Amaravathi Nagar Extn at Rs 715 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Ambethkar Nagar?

For a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560 and the registration fee would be Rs 14,160, totaling Rs 63,720.

Which Sub Registrar Office covers Ambethkar Nagar?

The Nallur_Tiruppur Sub Registrar Office covers Ambethkar Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.