Guideline Value for AMBIKA GARMENTS

Ambika Garments guideline value

The current guideline value of Ambika Garments is Rs 703 per sq.ft, effective from 1 July 2024. This property is located in WARD - i village under the Tiruppur Joint II SRO, classified as Residential Class III Type - II.

How the guideline value of Ambika Garments has changed

Over the years, the guideline value for Ambika Garments has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the 2023 revision brought the value back up to Rs 700 per sq.ft, and the most recent 2024 revision has set it at Rs 703 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 74%. Overall, from 2012 to 2024, the guideline value has increased by 17%.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Ambika Garments is below this median.

• Angeripalayam Main Road: Rs 1,210 per sq.ft (2024)
• Angeripalayam Radhakrishna Nagar: Rs 704 per sq.ft (2024)
• Angeripalayam Road: Rs 1,210 per sq.ft (2024)
• Anna Colony: Rs 880 per sq.ft (2024)
• Annapoorna Layout: Rs 880 per sq.ft (2024)
• ANNAPOORNA LAYOUT 1st STREET: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ambika Garments

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, and the registration fee at 2% would be Rs 14,060, bringing the total to Rs 63,270. 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 details.

Which Sub Registrar Office covers Ambika Garments?

The Sub Registrar Office that covers Ambika Garments is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in WARD - i

The guideline value plays a crucial role in the registration process when buying or selling property in WARD - i. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambika Garments?

The current guideline value of Ambika Garments is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 703 per sq.ft in 2024.

What is the land classification of Ambika Garments?

Ambika Garments is classified as Residential Class III Type - II under the current guideline value register.

Where can I find the Sub Registrar Office for Ambika Garments?

The Sub Registrar Office for Ambika Garments is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for property in Ambika Garments?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 49,210.