Guideline Value for ANSARI STREET

Ansari Street guideline value

The current guideline value of Ansari Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Ward - D village under the Udumalpettai SRO and is classified as Residential Class I Type - III.

How the guideline value of Ansari Street has changed

Over the years, the guideline value of Ansari Street has experienced several revisions. The earliest recorded figure is from 2003, where the guideline value was Rs 191 per sq.ft. This increased to Rs 450 per sq.ft in 2012, a rise of 136%. However, from 2012 to 2017, the value decreased by 33%, bringing it down to Rs 301 per sq.ft. The subsequent revision in 2023 saw a significant increase of 50%, raising the value to Rs 450 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 500 per sq.ft, marking an 11% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2007 for Ansari Street. Overall, from 2003 to 2024, the guideline value has increased by 162%, reflecting the changes in property valuation over the years.

Guideline values in Ward - D

Within Ward - D, there are 54 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 2,020 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, indicating that Ansari Street's 2024 figure is below this median.

• Appavu Lane: Rs 2,020 per sq.ft (2024)
• Asad Street: Rs 660 per sq.ft (2024)
• Babukhan Street: Rs 660 per sq.ft (2024)
• Advocate Nagarajan Street: Rs 660 per sq.ft (2024)
• Chidambaram Pillai Street: Rs 1,350 per sq.ft (2024)
• Dass Lane: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Ansari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ansari Street?

Ansari Street falls under the jurisdiction of the Udumalpettai Sub Registrar Office. The office is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward - D

The guideline value plays a crucial role in property transactions in Ward - D. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This value is established by the Registration Department and is periodically revised to reflect changes in the real estate market.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Ansari Street?

The current guideline value of Ansari Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 191 per sq.ft in 2003 to Rs 500 per sq.ft in 2024, reflecting an overall increase of 162% over the years.

What are the stamp duty and registration fees for property in Ansari Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 35,000, and the registration fee is Rs 10,000, totaling Rs 45,000.

Which office handles the registration for Ansari Street?

The Udumalpettai Sub Registrar Office handles the registration for Ansari Street, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore.

How is the guideline value determined for properties in Ward - D?

The guideline value is determined by the Registration Department and is revised periodically to reflect changes in the real estate market. It is used to calculate the stamp duty and registration fees during property transactions.