Guideline Value for AMBETHKAR STREET

Ambethkar Street guideline value

The current guideline value of Ambethkar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kinathukadavu village, under the Kinathukkadavu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ambethkar Street has changed

The guideline value for Ambethkar Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then changed to Rs 201 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, returning to Rs 300 per sq.ft. The 2024 revision maintains this value with no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only recorded revisions are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Kinathukadavu

In Kinathukadavu, there are 44 streets under the Kinathukkadavu SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft. The median guideline value is Rs 300 per sq.ft, which is equal to the current value of Ambethkar Street.

• Andigoundenpudur: Rs 200 per sq.ft (2024)
• Anna Nagar: Rs 750 per sq.ft (2024)
• Anna Street: Rs 750 per sq.ft (2024)
• Arisana Colony: Rs 200 per sq.ft (2024)
• Avvaiyar Street: Rs 750 per sq.ft (2024)
• Barathiar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, calculated at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambethkar Street?

The Sub Registrar Office that covers Ambethkar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kinathukadavu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the associated duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024.

What are the other streets in Kinathukadavu and their guideline values?

Other streets in Kinathukadavu have varying guideline values, with rates ranging from Rs 200 to Rs 750 per sq.ft in 2024.

What fees are associated with property transactions in Ambethkar Street?

For a 1,000 sq.ft property, the total guideline value is Rs 3,00,000, with stamp duty at 7% amounting to Rs 21,000 and a registration fee at 2% of Rs 6,000, totaling Rs 27,000.

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

The Sub Registrar Office for Ambethkar Street is the Kinathukkadavu SRO, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.