Guideline Value for Ambethkar Nagar 1st Street

Ambethkar Nagar 1st Street guideline value

The current guideline value of Ambethkar Nagar 1st Street is Rs 1,020 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class V Type - I.

How the guideline value of Ambethkar Nagar 1st Street has changed

The guideline value for Ambethkar Nagar 1st Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 500 per sq.ft. This figure increased to Rs 335 per sq.ft in 2017, representing a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking a significant increase of 199%. The most recent revision in 2024 has set the guideline value at Rs 1,020 per sq.ft, reflecting a 2% increase from the previous year.

It is important to note that there are no recorded figures for Ambethkar Nagar 1st Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value in this area is Rs 1,000 per sq.ft, placing Ambethkar Nagar 1st Street's 2024 figure above that median.

• Ambethkar Nagar 2nd Street: Rs 1,020 per sq.ft (2024)
• Ammal Layout: Rs 1,000 per sq.ft (2024)
• Amman Nagar: Rs 1,000 per sq.ft (2024)
• Ammasai Konar Layout: Rs 1,000 per sq.ft (2024)
• Amsaveni Layout: Rs 1,000 per sq.ft (2024)
• Amutham Nagar-1, 2 (Ward 14): Rs 1,015 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty is calculated at 7%, totaling Rs 71,400, while the registration fee is at 2%, amounting to Rs 20,400. Therefore, the total cost for stamp duty and registration fee together would be Rs 91,800. 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 Ambethkar Nagar 1st Street?

The Ambethkar Nagar 1st Street falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar 1st Street?

The current guideline value of Ambethkar Nagar 1st Street is Rs 1,020 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 500 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, which is an overall increase of 104%.

What is the registration fee for properties in Ambethkar Nagar 1st Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 10,20,000, the registration fee would be Rs 20,400.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Kavundampalayam?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue during property transactions.