Guideline Value for AMBHEDKAR STREET

Ambhedkar Street guideline value

The current guideline value of Ambhedkar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Dhali village, under the Udumalpettai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Ambhedkar Street has changed

The guideline value for Ambhedkar Street has seen several revisions over the years. In 2007, the guideline value was Rs 35 per sq.ft, which increased to Rs 80 per sq.ft in 2012, marking a 129% rise. The value then rose to Rs 100 per sq.ft in 2017, reflecting a 25% increase from the previous revision. From 2017 to 2023, the guideline value remained at Rs 200 per sq.ft, showing a 100% increase from 2017.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating no change from the 2023 figure. The overall change from the 2007 revision to the 2024 revision is an increase of 471%.

Guideline values in Dhali

In Dhali village, there are 36 streets under the Udumalpettai SRO that carry a 2024 guideline value, with figures ranging from Rs 200 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which matches the 2024 figure for Ambhedkar Street.

• Anaimalai Road: Rs 200 per sq.ft (2024)
• Alaghar Street: Rs 200 per sq.ft (2024)
• Aanamalai Street: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Aranmanai Street: Rs 200 per sq.ft (2024)
• Arumugam Salai: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambhedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambhedkar Street?

Ambhedkar Street falls under the jurisdiction of the Udumalpettai Sub Registrar Office. The address is Sub Registrar Office, Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Dhali, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate applicable stamp duties and registration fees.

During the registration process, the guideline value ensures that the property is valued fairly for taxation purposes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Ambhedkar Street?

The current guideline value of Ambhedkar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 35 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing an overall increase of 471%.

What is the stamp duty rate for properties in Ambhedkar Street?

The stamp duty rate for properties in Ambhedkar Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Ambhedkar Street is located at Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

What are the other streets in Dhali with the same guideline value?

Other streets in Dhali that have the same guideline value of Rs 200 per sq.ft include Anaimalai Road, Alaghar Street, Aanamalai Street, Anna Street, Aranmanai Street, and Arumugam Salai.