Guideline Value for Ambethkar Street, M.G.R.Street, Navalar Street

Ambethkar Street, M.G.R.Street, Navalar Street guideline value

The current guideline value for Ambethkar Street, M.G.R.Street, Navalar Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ambethkar Street, M.G.R.Street, Navalar Street has changed

Looking back at the revisions, the guideline value for Ambethkar Street, M.G.R.Street, Navalar Street has seen several changes. The 2007 revision recorded a guideline value of Rs 26 per sq.ft, which increased significantly to Rs 250 per sq.ft in the 2012 revision. However, this value dropped to Rs 167 per sq.ft in the 2017 revision, before rising again to Rs 250 per sq.ft in both the 2023 and 2024 revisions, reflecting a 50% increase from 2017 to 2023 and a 0% change from 2023 to 2024. The register has no figure for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 862%. The 2024 revision marks the current guideline value at Rs 250 per sq.ft, which is consistent with the 2023 revision.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 600 per sq.ft. Ambethkar Street, M.G.R.Street, Navalar Street's 2024 figure is below this median.

• Amman Kovil Thottam: Rs 250 per sq.ft (2024)
• Anna Harijan Colony: Rs 600 per sq.ft (2024)
• Anna Street: Rs 400 per sq.ft (2024)
• Avarankattur Cross Street: Rs 250 per sq.ft (2024)
• Avarankattur Harijan Colony: Rs 250 per sq.ft (2024)
• Ayyampalayam Barathi Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street, M.G.R.Street, Navalar Street

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total Rs 22,500. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Street, M.G.R.Street, Navalar Street?

The Sub Registrar Office that covers Ambethkar Street, M.G.R.Street, Navalar Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Kavundapadi. It serves as a benchmark for determining the minimum value for property transactions, ensuring that properties are registered at a fair value according to the government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Ambethkar Street, M.G.R.Street, Navalar Street?

The current guideline value for Ambethkar Street, M.G.R.Street, Navalar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 26 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in both 2023 and 2024.

What is the classification of Ambethkar Street, M.G.R.Street, Navalar Street?

Ambethkar Street, M.G.R.Street, Navalar Street is classified as Residential Class II Type - I.

Where is the Kavundapadi Sub Registrar Office located?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.