Guideline Value for AMBIGAPATHI VEETHI

Ambigapathi Veethi guideline value

The current guideline value of Ambigapathi Veethi is Rs 1,045 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty, under the Gandhipuram SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Ambigapathi Veethi has changed

Over the years, the guideline value of Ambigapathi Veethi has seen significant changes. The 2012 revision set the value at Rs 400 per sq.ft, which later decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 273%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value by 5% to Rs 1,045 per sq.ft.

It is important to note that 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 161%.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO that have a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft, with a median value of Rs 1,060 per sq.ft. The guideline value of Ambigapathi Veethi is below this median.

• Amburose Nagar: Rs 1,055 per sq.ft (2024)
• Amman Nagar: Rs 1,055 per sq.ft (2024)
• Amman Nagaram: Rs 1,055 per sq.ft (2024)
• Amman Nagar Kuttai: Rs 1,060 per sq.ft (2024)
• Alagu Nagar: Rs 1,055 per sq.ft (2024)
• Anboli Nagar: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Ambigapathi Veethi

For a 1,000 sq.ft plot at the current rate of Rs 1,045 per sq.ft, the guideline value would be Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total to Rs 94,050. It is important to note that the 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 Ambigapathi Veethi?

The Sub Registrar Office that covers Ambigapathi Veethi is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Saravanmpatty. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Ambigapathi Veethi?

The current guideline value of Ambigapathi Veethi is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2012 to Rs 1,045 per sq.ft in 2024, which is an overall increase of 161%.

What are the stamp duty and registration fees for property in Ambigapathi Veethi?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 94,050, based on the current guideline value.

Which Sub Registrar Office covers Ambigapathi Veethi?

The Gandhipuram Sub Registrar Office covers Ambigapathi Veethi, located near the Saravanampatti Police Station.

What land classification does Ambigapathi Veethi fall under?

Ambigapathi Veethi falls under the Residential Class II Type - II land classification according to the guidelines.