Guideline Value for Ambalakara Street (Pookara Street)

Ambalakara Street (Pookara Street) guideline value

The current guideline value of Ambalakara Street (Pookara Street) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 6 village, under the Dharapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ambalakara Street (Pookara Street) has changed

The guideline value for Ambalakara Street (Pookara Street) has undergone several revisions since 2002. In 2002, the guideline value was Rs 56 per sq.ft, which increased significantly to Rs 63 per sq.ft in 2003, marking a 13% rise. The value then saw a substantial increase to Rs 725 per sq.ft in 2012, resulting in a 1051% increase from 2003. However, it dropped to Rs 486 per sq.ft in 2017, reflecting a decline of 33% from the previous revision. The value rose again to Rs 726 per sq.ft in 2023, which was a 49% increase from 2017, and finally, it reached Rs 800 per sq.ft in the 2024 revision, showing a 10% increase from 2023.

It is important to note that there is no figure available for Ambalakara Street (Pookara Street) in the 2007 revision. Overall, from 2002 to 2024, the guideline value has increased by 1329%.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 645 to Rs 1,820 per sq.ft. The median value for these streets is Rs 1,330 per sq.ft, positioning Ambalakara Street (Pookara Street) below this median.

• Alangiyam Road: Rs 800 per sq.ft (2024)
• Anna Nagar: Rs 1,330 per sq.ft (2024)
• Beemar Agrakaram: Rs 800 per sq.ft (2024)
• Beemar Main Street: Rs 800 per sq.ft (2024)
• Beemar New Agrakaram: Rs 800 per sq.ft (2024)
• Bharathiyar Street: Rs 1,330 per sq.ft (2024)

Stamp duty and registration fee for property in Ambalakara Street (Pookara Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, resulting in a total of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ambalakara Street (Pookara Street)?

The Sub Registrar Office that covers Ambalakara Street (Pookara Street) is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value is a crucial factor when registering property transactions in Dharapuram Ward 6. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in property dealings.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambalakara Street (Pookara Street)?

The current guideline value of Ambalakara Street (Pookara Street) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 56 per sq.ft in 2002 to Rs 800 per sq.ft in 2024, reflecting an overall increase of 1329% over this period.

What are the stamp duty and registration fees for property in Ambalakara Street (Pookara Street)?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,00,000. The stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Ambalakara Street (Pookara Street)?

The Dharapuram Sub Registrar Office covers Ambalakara Street (Pookara Street), located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property transactions and is essential for calculating the stamp duty and registration fees during the registration process.