Guideline Value for Ambedkar Nagar (Ward 4)

Ambedkar Nagar (Ward 4) guideline value

The current guideline value of Ambedkar Nagar (Ward 4) is Rs 340 per sq.ft, effective from 1 July 2024. This area is located in Karamadai village under the Mettupalayam SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of Ambedkar Nagar (Ward 4) has changed

The guideline value for Ambedkar Nagar has seen significant changes over the years. In 2012, the value was Rs 125 per sq.ft, which decreased to Rs 84 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase of 257%, bringing the value to Rs 300 per sq.ft. The most recent revision in 2024 saw a further increase of 13%, resulting in the current guideline value of Rs 340 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 172%.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft in 2024. The median guideline value for these streets is Rs 800 per sq.ft, placing Ambedkar Nagar's current figure below this median.

• Ammasai Mudhaliar Lane: Rs 440 per sq.ft (2024)
• Anbu Nagar: Rs 660 per sq.ft (2024)
• Advaith Avenue: Rs 440 per sq.ft (2024)
• Andiappagowder Street: Rs 440 per sq.ft (2024)
• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Nagar (Ward 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, leading to a total cost of Rs 30,600. 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 details.

Which Sub Registrar Office covers Ambedkar Nagar (Ward 4)?

The Sub Registrar Office that covers Ambedkar Nagar (Ward 4) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karamadai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

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 fees. This ensures that the government receives the appropriate revenue from property transactions based on current market standards.

Frequently asked questions

What is the current guideline value of Ambedkar Nagar (Ward 4)?

The current guideline value of Ambedkar Nagar (Ward 4) is Rs 340 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 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What is the land classification for Ambedkar Nagar (Ward 4)?

Ambedkar Nagar (Ward 4) falls under the Residential Class V Type - I land classification.

What are the guideline values of other streets in Karamadai?

Other streets in Karamadai have varying guideline values, with rates ranging from Rs 340 to Rs 1,680 per sq.ft. The median value for these streets is Rs 800 per sq.ft.

Where is the Mettupalayam Sub Registrar Office located?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.