Guideline Value for Ambedhkar Street

Ambedhkar Street guideline value

The current guideline value of Ambedhkar Street in Koogaloor village is Rs 205 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Gobichettipalayam Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Ambedhkar Street has changed

Over the years, the guideline value of Ambedhkar Street has seen significant changes. In the 2007 revision, the value was Rs 30 per sq.ft, which increased to Rs 100 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 67 per sq.ft, reflecting a decline of 33%. The subsequent revision in 2017 brought the value to Rs 200 per sq.ft, an increase of 199% from the previous figure. The most recent revision in 2024 set the value at Rs 205 per sq.ft, a rise of 3% from 2023's Rs 200 per sq.ft.

It is important to note that the register has no figures for Ambedhkar Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 583%.

Guideline values in Koogaloor

In Koogaloor village, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value ranging from Rs 205 to Rs 205 per sq.ft, with the median also at Rs 205 per sq.ft. Ambedhkar Street's 2024 guideline value is equal to this median.

• Alagunatchi amman Kovil Street: Rs 205 per sq.ft (2024)
• Alagappa Street: Rs 205 per sq.ft (2024)
• Anthiyur main road: Rs 205 per sq.ft (2024)
• Appachi Street: Rs 205 per sq.ft (2024)
• Arumaikarar kaliannan Street: Rs 205 per sq.ft (2024)
• Arumaikarrar Street: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 205 per sq.ft, the total guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100, bringing the total fees together to Rs 18,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedhkar Street?

The Sub Registrar Office that covers Ambedhkar Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Koogaloor

The guideline value plays a crucial role in the registration process when buying or selling property in Koogaloor. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions based on various factors.

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.

Frequently asked questions

What is the current guideline value of Ambedhkar Street?

The current guideline value of Ambedhkar Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 30 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, which is an overall increase of 583%.

Which Sub Registrar Office covers Ambedhkar Street?

Ambedhkar Street is covered by the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,350 and the registration fee would be Rs 4,100, totaling Rs 18,450.

What is the land classification for Ambedhkar Street?

Ambedhkar Street is classified as Residential Special Type - III, which is important for understanding its intended use and value in the real estate market.