Guideline Value for AMBETHKAR VEETHI

Ambethkar Veethi guideline value

The current guideline value of Ambethkar Veethi is Rs 1,010 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ambethkar Veethi has changed

The guideline value of Ambethkar Veethi has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,010 per sq.ft, up from Rs 1,000 per sq.ft in 2023, marking a 1% increase. Prior to that, the value was Rs 502 per sq.ft in 2017, which reflects a significant increase of 99% to the 2023 figure. The 2012 revision had set the value at Rs 750 per sq.ft, which was a decrease of 33% from the 2017 figure. In 2007, the guideline value was Rs 700 per sq.ft, showing a 7% increase to 2012.

There are no figures available for the years 2002 and 2003 for Ambethkar Veethi. Overall, from 2007 to 2024, the guideline value has increased by 44% from Rs 700 per sq.ft to Rs 1,010 per sq.ft.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Ambethkar Veethi is below this median.

• Ambal Nagar: Rs 1,400 per sq.ft (2024)
• Ammankovil Thottam, Rajagopalapuram: Rs 1,400 per sq.ft (2024)
• Amman Nagar: Rs 1,010 per sq.ft (2024)
• Amarar Jeeva Road: Rs 1,120 per sq.ft (2024)
• Alamelu Mangapuram.Thiruvenkatasamy Nagar: Rs 1,400 per sq.ft (2024)
• Alamarathottam: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total cost for stamp duty and registration fees to Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Ambethkar Veethi?

The Sub Registrar Office covering Ambethkar Veethi is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Ganapathy. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. This ensures that the government receives appropriate revenue based on the property’s value as per the official register.

When you register a property, the guideline value is considered alongside the sale price. The higher of the two values will be used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambethkar Veethi?

The current guideline value of Ambethkar Veethi is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, marking an overall increase of 44%. The most significant change occurred between 2017 and 2023, with a 99% increase from Rs 502 per sq.ft.

What are the registration fees for property in Ambethkar Veethi?

The registration fees are calculated based on the guideline value. For a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700 and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which office handles property registrations for Ambethkar Veethi?

The Ganapathy Sub Registrar Office handles property registrations for Ambethkar Veethi, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees for property transactions. It ensures that the fees are based on the official valuation of the property, which is crucial for compliance with local regulations.