Guideline Value for Ambethkar Nagar

Ambethkar Nagar guideline value

The current guideline value of Ambethkar Nagar is Rs 360 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - III.

How the guideline value of Ambethkar Nagar has changed

The guideline value for Ambethkar Nagar has undergone several revisions over the years. In 2007, the value was Rs 25 per sq.ft, which saw a significant increase to Rs 325 per sq.ft in 2012. However, this was followed by a decrease to Rs 218 per sq.ft in 2017. The value then rose to Rs 326 per sq.ft in 2023, and currently stands at Rs 360 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2007 to 2024, the overall increase in guideline value is 1340%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO with a 2024 guideline value ranging from Rs 320 to Rs 1,110 per sq.ft. The median guideline value for these streets is Rs 370 per sq.ft, placing Ambethkar Nagar's 2024 figure below this median.

• Amman Nagar: Rs 340 per sq.ft (2024)
• Ammichiamman Kovil Veethi: Rs 620 per sq.ft (2024)
• Amsi Nagar: Rs 340 per sq.ft (2024)
• Akshaya Garden: Rs 500 per sq.ft (2024)
• Ananda Nagar: Rs 420 per sq.ft (2024)
• Anandham Avenue: Rs 340 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 360 per sq.ft, the total guideline value would be Rs 3,60,000. The stamp duty at 7% would amount to Rs 25,200, and the registration fee at 2% would be Rs 7,200, totaling Rs 32,400. It is important to note that the 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 information.

Which Sub Registrar Office covers Ambethkar Nagar?

The Sub Registrar Office that covers Ambethkar Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Gudalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when registering a property.

When a property is sold or purchased, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as per government assessments. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar?

The current guideline value of Ambethkar Nagar is Rs 360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 25 per sq.ft in 2007 to Rs 360 per sq.ft in 2024, with notable fluctuations in between.

What is the median guideline value for streets in Gudalur?

The median guideline value for streets in Gudalur is Rs 370 per sq.ft, with Ambethkar Nagar's 2024 value being below this median.

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

For a property valued at Rs 3,60,000, the stamp duty would be Rs 25,200 and the registration fee would be Rs 7,200, totaling Rs 32,400.

Which office handles property registrations for Ambethkar Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Ambethkar Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.