Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Telgupalayam village under the Coimbatore South Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Ambethkar Street has changed

The guideline value for Ambethkar Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2024 revision, marking an increase of 11%.

Prior to the 2023 revision, there were no recorded values for Ambethkar Street in the register for the years mentioned. The significant change from Rs 1,800 to Rs 2,000 reflects the latest assessment of property value in this area.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, and Ambethkar Street's 2024 guideline value is above this median.

• Amman Kovil Street: Rs 1,800 per sq.ft (2024)
• Ananda Housing Colony: Rs 1,350 per sq.ft (2024)
• Ajay Mokarje Veedhi: Rs 1,003 per sq.ft (2024)
• Adhi Dravidar Theru: Rs 1,003 per sq.ft (2024)
• Angannan Sandhu: Rs 1,003 per sq.ft (2024)
• Aasiriar Colony: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Street?

The Sub Registrar Office that covers Ambethkar Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Telgupalayam. It is the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling of property.

When a property is registered, the guideline value is assessed to determine the applicable fees. Buyers and sellers should be aware that these values can impact the overall costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambethkar Street was Rs 1,800 per sq.ft in 2023 and increased to Rs 2,000 per sq.ft in 2024, reflecting an 11% increase. There are no recorded values for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Ambethkar Street?

Ambethkar Street is classified as Residential Special Type - I under the Coimbatore South Joint 1 SRO.

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

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000. These charges are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Ambethkar Street located?

The Coimbatore South Joint 1 Sub Registrar Office is located at No.410a, Raja Street, Coimbatore-641001. This office is responsible for the registration of properties in Ambethkar Street.