Guideline Value for Ambekhar Nagar

Ambekhar Nagar guideline value

The current guideline value of Ambekhar Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Irugur village and falls under the Singanallur SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Ambekhar Nagar has changed

The guideline value for Ambekhar Nagar has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 167 per sq.ft. In 2023, the value increased to Rs 250 per sq.ft, marking a significant rise of 50% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 275 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 65%.

There are no recorded figures for Ambekhar Nagar in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,200 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for Ambekhar Nagar is below this median.

• Amarar Ramasamy Nagar: Rs 440 per sq.ft (2024)
• Amarar ramasamy goundar veethy: Rs 550 per sq.ft (2024)
• Amman Kovil Street: Rs 275 per sq.ft (2024)
• Allwyn Nagar: Rs 510 per sq.ft (2024)
• Agrakaram street: Rs 550 per sq.ft (2024)
• A.G. pudur to Ravathur road: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ambekhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambekhar Nagar?

The Sub Registrar Office that covers Ambekhar Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Irugur. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration process.

When a property is sold, the guideline value is used to calculate the applicable taxes and fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambekhar Nagar?

The current guideline value of Ambekhar Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 167 per sq.ft to Rs 275 per sq.ft in 2024, marking an overall increase of 65% over this period.

What are the stamp duty rates for property in Ambekhar Nagar?

The stamp duty for property transactions in Ambekhar Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ambekhar Nagar?

The Sub Registrar Office covering Ambekhar Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is updated periodically through revisions, with the latest revision for Ambekhar Nagar being in 2024.