Guideline Value for Ambethkar Colony

Ambethkar Colony guideline value

The current guideline value of Ambethkar Colony is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under Ooty Town village, classified as Residential Class II Type - II, and is governed by the Uthagamandalam -Joint I SRO.

How the guideline value of Ambethkar Colony has changed

The guideline value for Ambethkar Colony has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 335 per sq.ft. The value increased significantly by 49% to Rs 500 per sq.ft in the 2023 revision, and it has remained at Rs 500 per sq.ft in the 2024 revision, reflecting a 0% change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has shown no change, remaining at Rs 500 per sq.ft.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO, with guideline values ranging from Rs 500 to Rs 4,251 per sq.ft. The median guideline value is Rs 1,800 per sq.ft, placing Ambethkar Colony's 2024 figure below this median.

• Alms House Road E/13/98: Rs 1,800 per sq.ft (2024)
• Alexandera Line: Rs 1,800 per sq.ft (2024)
• Anadagiri H/4/1: Rs 1,800 per sq.ft (2024)
• Anbu Anna Colony: Rs 500 per sq.ft (2024)
• Abu Sait Street: Rs 1,500 per sq.ft (2024)
• Annanagar A/3/13: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Colony?

The Sub Registrar Office that covers Ambethkar Colony is the Uthagamandalam -Joint I Sub Registrar Office. The address is Uthagamandalam -joint I SRO, Govt Arts College Road, Stone House Hill, Ooty Town, Pin-643001, Coimbatore registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Ooty Town, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to ensure that the sale price meets or exceeds the guideline value to avoid any registration issues. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Colony?

The current guideline value of Ambethkar Colony is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in the 2024 and 2023 revisions, increased by 49% from Rs 335 per sq.ft in 2017, and decreased by 33% from Rs 500 per sq.ft in 2012.

What is the land classification of Ambethkar Colony?

Ambethkar Colony is classified as Residential Class II Type - II.

Where can I find the registration office for Ambethkar Colony?

The registration office for Ambethkar Colony is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, Pin-643001.

How do stamp duty and registration fees work in Ambethkar Colony?

Stamp duty is charged at 7% and registration fees at 2% based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft incurs a total fee of Rs 45,000.