Guideline Value for Ambedkar Street

Ambedkar Street guideline value

The current guideline value of Ambedkar Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ambedkar Street has changed

The guideline value for Ambedkar Street has seen significant changes over the years. The 2007 revision set the value at Rs 400 per sq.ft, which then increased to Rs 1,000 per sq.ft in the 2012 revision. Following a decrease to Rs 670 per sq.ft in 2017, the value rose to Rs 1,000 per sq.ft in 2023. The current 2024 revision reflects a further increase to Rs 1,120 per sq.ft, marking a 12% rise from the previous year.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value is Rs 1,120 per sq.ft, which aligns with the current value of Ambedkar Street.

• Ambrose Street: Rs 1,120 per sq.ft (2024)
• Amirtha Avenue: Rs 1,100 per sq.ft (2024)
• Amaravathy Street: Rs 1,120 per sq.ft (2024)
• Amman Nagar: Rs 1,100 per sq.ft (2024)
• Ammasai Konar Street: Rs 1,120 per sq.ft (2024)
• Alagesan Road (1 & 2): Rs 3,360 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total cost for these fees to Rs 1,00,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar Street?

The Sub Registrar Office that covers Ambedkar Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sanganur. 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 registered, the guideline value is considered to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambedkar Street?

The current guideline value of Ambedkar Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting a total increase of 180% over the years.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,00,800.

Which Sub Registrar Office covers Ambedkar Street?

The Gandhipuram Sub Registrar Office covers Ambedkar Street, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification of Ambedkar Street?

Ambedkar Street is classified as Residential Class I Type - III, indicating its designation for residential purposes.