Guideline Value for Ambethkar Nagar

Ambethkar Nagar guideline value

The current guideline value of Ambethkar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Sirumugai village, under the Mettupalayam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ambethkar Nagar has changed

The guideline value for Ambethkar Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision was Rs 100 per sq.ft, showing a significant increase of 100% from 2017 to 2023. The 2012 revision had set the value at Rs 150 per sq.ft, which indicates a decrease of 33% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Sirumugai

In Sirumugai, there are 58 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Ambethkar Nagar is below this median.

• Allur Uliyur Gandhe (WARD 12): Rs 200 per sq.ft (2024)
• Aadhavan Ambal Nagar: Rs 600 per sq.ft (2024)
• Anna Nagar (WARD 1): Rs 600 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Bharathiyar Street (WARD 11): Rs 200 per sq.ft (2024)
• East Street (WARD 2): Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Nagar?

The Sub Registrar Office that covers Ambethkar Nagar is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Sirumugai. It is used to determine the stamp duty and registration fees applicable on the transaction, ensuring that the government receives the correct revenue based on the property's value.

When a property is sold, the guideline value helps in establishing a baseline for the sale price, which can influence negotiations between buyers and sellers. It is essential for both parties to be aware of the guideline value to ensure a fair transaction.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar?

The current guideline value of Ambethkar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with an overall increase of 33%. The value remained at Rs 200 per sq.ft from 2023 to 2024.

Where can I find the Mettupalayam Sub Registrar Office?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in Ambethkar Nagar?

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000.

What is the land classification of Ambethkar Nagar?

Ambethkar Nagar is classified as Residential Class III Type - I, indicating its designation for residential use within the area.