Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Coonoor Ward - B Block - 1 under the Coonoor_Uthagamandalam SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of Ambethkar Street has changed

Ambethkar Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision marked a significant increase to Rs 201 per sq.ft, a 49% rise from the previous revision. However, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, it shows no overall change, maintaining the Rs 300 per sq.ft rate. The latest revision in 2024 reflects a stable guideline value compared to 2023, which also stood at Rs 300 per sq.ft.

Guideline values in Coonoor Ward - B Block - 1

In Coonoor Ward - B Block - 1, there are 76 streets under the Coonoor_Uthagamandalam SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,500 per sq.ft, with a median value of Rs 1,000 per sq.ft. Ambethkar Street's 2024 figure is below this median.

• Allai Sait Compound (B/20/1 to 26): Rs 1,000 per sq.ft (2024)
• Aariyamala compoumd: Rs 1,000 per sq.ft (2024)
• Arignar Anna Street (B/26/1 to 94): Rs 1,000 per sq.ft (2024)
• Barlose Salai (B/36/9): Rs 1,000 per sq.ft (2024)
• Bazaar Street (B/19/66 to 135): Rs 1,500 per sq.ft (2024)
• Church Hill Area (B/39/1 to 42): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Street?

The Sub Registrar Office that covers Ambethkar Street is the Coonoor_Uthagamandalam Sub Registrar Office, located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Coonoor Ward - B Block - 1

The guideline value is an essential factor in property transactions, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will use the higher of the guideline value or the sale price for calculating duties and fees.

When registering a property, the guideline value ensures that the transaction reflects a fair value for taxation purposes. It helps maintain transparency in property dealings, providing a standard reference point for all transactions within the Coonoor Ward - B Block - 1.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Ambethkar Street has seen several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012, indicating fluctuations in earlier years.

What is the land classification for Ambethkar Street?

Ambethkar Street is classified under Residential Class V Type - I, which indicates its use for residential purposes.

What are the stamp duty and registration fees for properties on Ambethkar Street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Ambethkar Street?

The Coonoor_Uthagamandalam Sub Registrar Office covers Ambethkar Street, located at 80, Opposite To Subjail, Balaclava Road, Coonoor - 643 102, Coimbatore registration zone.