Guideline Value for AMBETHKAR St

AMBETHKAR St guideline value

The current guideline value of AMBETHKAR St in Ikkarai Poolvampatti village is Rs 102 per sq.ft, effective from 1 July 2024. This street falls under the Thondamuthur SRO and is classified as Residential Class I Type - I.

How the guideline value of AMBETHKAR St has changed

The guideline value for AMBETHKAR St has seen several revisions over the years. In 2007, the value was Rs 35 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it decreased to Rs 67 per sq.ft in 2017. The value then rose significantly to Rs 100 per sq.ft in 2023, and currently stands at Rs 102 per sq.ft as per the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 was 186%, while the decline from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 191%.

Guideline values in Ikkarai Poolvampatti

In Ikkarai Poolvampatti, there are 37 streets under the Thondamuthur SRO that carry a 2024 guideline value, all set at Rs 102 per sq.ft, with the median also being Rs 102 per sq.ft. AMBETHKAR St's 2024 figure is equal to this median.

• ANDIYAPPAN St: Rs 102 per sq.ft (2024)
• ADIGALAR St: Rs 102 per sq.ft (2024)
• ANNAI INDHIRA St: Rs 102 per sq.ft (2024)
• BAGTHSING St: Rs 102 per sq.ft (2024)
• BHARATHI DHASAN St: Rs 102 per sq.ft (2024)
• BHARATHIYAR St: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in AMBETHKAR St

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total to Rs 9,180. 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 St?

The Sub Registrar Office that covers AMBETHKAR St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ikkarai Poolvampatti. It determines the minimum value on which stamp duty and registration fees are calculated during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark, and the authorities will charge fees based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of AMBETHKAR St?

The current guideline value of AMBETHKAR St is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 102 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the land classification for AMBETHKAR St?

AMBETHKAR St is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Thondamuthur Sub Registrar Office located?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

How is the stamp duty calculated for properties in AMBETHKAR St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,02,000 would incur a stamp duty of Rs 7,140.