Guideline Value for AMBUROSE NAGAR

Amburose Nagar guideline value

The current guideline value of Amburose Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024. This area is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Amburose Nagar has changed

The guideline value for Amburose Nagar has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 149%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,055 per sq.ft, marking a 6% increase from the previous year.

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 76%.

Guideline values in Saravanmpatty.

Saravanmpatty has a total of 180 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median guideline value in this area is Rs 1,060 per sq.ft, positioning Amburose Nagar's 2024 figure below that median.

• Ambigapathi Veethi: Rs 1,045 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 Amburose Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, while the registration fee at 2% would be Rs 21,100. Together, these fees total Rs 94,950. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Amburose Nagar?

The Sub Registrar Office that covers Amburose Nagar 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 a critical factor in the registration process when buying or selling property in Saravanmpatty. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the applicable fees are calculated correctly. This value helps in maintaining transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Amburose Nagar?

The current guideline value of Amburose Nagar is Rs 1,055 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 1,055 per sq.ft in 2024, reflecting an overall increase of 76% over this period.

What is the median guideline value in Saravanmpatty?

The median guideline value in Saravanmpatty is Rs 1,060 per sq.ft, which is higher than the current value of Amburose Nagar.

What are the stamp duty and registration fees for property in Amburose Nagar?

For a property valued at Rs 10,55,000, the stamp duty would be Rs 73,850 and the registration fee would be Rs 21,100, totaling Rs 94,950.

Which office handles property registration in Amburose Nagar?

The Gandhipuram Sub Registrar Office handles property registration for Amburose Nagar, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.