Guideline Value for Ambadkar Colony

Ambadkar Colony guideline value

The current guideline value of Ambadkar Colony is Rs 701 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint II SRO and is classified as Residential Class V Type - III.

How the guideline value of Ambadkar Colony has changed

The guideline value for Ambadkar Colony has seen several revisions over the years. In the 2007 revision, the value was Rs 285 per sq.ft. It increased to Rs 350 per sq.ft in 2012, but then decreased to Rs 234 per sq.ft in 2017. Following this, the value rose significantly to Rs 700 per sq.ft in the 2023 revision, before reaching the current value of Rs 701 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 146%. The most notable change occurred between 2017 and 2023, where the value jumped by 199%. The value remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Ward - N

In Ward - N, there are 104 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Ambadkar Colony's 2024 figure below this median.

• Aranmanaipudur 1st Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur 2nd Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur 3rd Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur 4th Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur Nadupangu: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur Nadupangu 1st Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ambadkar Colony

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, together totaling Rs 63,090. 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 more details.

Which Sub Registrar Office covers Ambadkar Colony?

The Sub Registrar Office that covers Ambadkar Colony 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 - N

The guideline value is a crucial factor when registering property transactions in Ward - N. It serves as a basis for calculating the stamp duty and registration fees, ensuring that these costs are proportionate to the value of the property being transacted.

When buyers or sellers engage in property transactions, the guideline value helps to standardize the fees associated with the registration process. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ambadkar Colony?

The current guideline value of Ambadkar Colony is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 285 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, showing an overall increase of 146% over this period.

What are the registration fees for property in Ambadkar Colony?

The registration fees include a stamp duty of 7% and a registration fee of 2%, based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Ambadkar Colony?

The Tiruppur Joint II Sub Registrar Office covers Ambadkar Colony, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Ambadkar Colony?

Ambadkar Colony is classified as Residential Class V Type - III, indicating its designation for residential purposes within the area.