Guideline Value for AMBETHKAR NAGAR

Ambethkar Nagar guideline value

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

How the guideline value of Ambethkar Nagar has changed

The guideline value for Ambethkar Nagar has seen significant changes over the years. In 2012, the guideline value was Rs 750 per sq.ft. This increased to Rs 871 per sq.ft in 2017, marking a 16% rise. The value then surged to Rs 1,300 per sq.ft in 2023, representing a 49% increase from the previous revision. As of the 2024 revision, the guideline value stands at Rs 1,455 per sq.ft, reflecting a 12% increase from 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 94%. This upward trajectory indicates the growing value of properties in Ambethkar Nagar over the years.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO that carry 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 Nagar's 2024 guideline value is above this median.

• Ambethkar Nagar Colony: 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

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 cost for these fees to 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 accurate calculations.

Which Sub Registrar Office covers Ambethkar Nagar?

The Sub Registrar Office that covers Ambethkar Nagar 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 of property transactions in Ward - E. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the official value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar?

The current guideline value of Ambethkar Nagar 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, reflecting an overall increase of 94% over the years.

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

For a property valued at Rs 14,55,000, the stamp duty would be Rs 1,01,850 and the registration fee would be Rs 29,100, totaling Rs 1,30,950.

Which office handles property registrations in Ambethkar Nagar?

The Tiruppur Joint I Sub Registrar Office handles property registrations in Ambethkar Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Ambethkar Nagar?

Ambethkar Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.