Guideline Value for Ambethkar Nagar 2nd Street

Ambethkar Nagar 2nd Street guideline value

The current guideline value of Ambethkar Nagar 2nd Street is Rs 1,020 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village, under the Vadavalli SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Ambethkar Nagar 2nd Street has changed

The guideline value for Ambethkar Nagar 2nd Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then decreased to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 199% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,020 per sq.ft, a 2% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. 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 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, and Ambethkar Nagar 2nd Street's 2024 figure is above that median.

• Ambethkar Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value would be Rs 10,20,000. The stamp duty at 7% would amount to Rs 71,400, and the registration fee at 2% would be Rs 20,400, bringing the total to Rs 91,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ambethkar Nagar 2nd Street?

The Ambethkar Nagar 2nd Street falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

Buyers and sellers should be aware that the guideline value is used to calculate the official value of the property, ensuring that the transaction is recorded accurately in the land registry. This process helps in maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar 2nd Street?

The current guideline value of Ambethkar Nagar 2nd Street is Rs 1,020 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 500 per sq.ft to Rs 1,020 per sq.ft in 2024, representing an overall increase of 104%.

What are the stamp duty and registration fees for a property in Ambethkar Nagar 2nd Street?

For a property valued at Rs 10,20,000, the stamp duty would be Rs 71,400 and the registration fee would be Rs 20,400, totaling Rs 91,800.

Which Sub Registrar Office covers this area?

The Vadavalli Sub Registrar Office covers Ambethkar Nagar 2nd Street, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification for Ambethkar Nagar 2nd Street?

The land classification for Ambethkar Nagar 2nd Street is Residential Class V Type - I.