Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street in Thudiyalur village, under the Periyanayakkan Palayam SRO, is Rs 1,014 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - II.

How the guideline value of Ambethkar Street has changed

The guideline value for Ambethkar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, when the guideline value was Rs 350 per sq.ft. This figure then decreased to Rs 234 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 1,000 per sq.ft in 2023, marking a 327% rise from the 2017 figure. The most recent revision in 2024 has set the value at Rs 1,014 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for Ambethkar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 190%, showcasing the changes in property valuation over the years.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, placing Ambethkar Street's 2024 figure slightly below this median.

• Ambika Nagar: Rs 1,100 per sq.ft (2024)
• Amirtha lakshmi Garden: Rs 1,022 per sq.ft (2024)
• Amarjothi Ever Green Garden: Rs 1,100 per sq.ft (2024)
• Alankar Thottam: Rs 1,100 per sq.ft (2024)
• Amma Thottam: Rs 1,014 per sq.ft (2024)
• Ajantha Nagar: Rs 1,020 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 1,014 per sq.ft, the total guideline value amounts to Rs 10,14,000. The stamp duty at 7% would be Rs 70,980, and the registration fee at 2% would be Rs 20,280, bringing the total cost for stamp duty and registration to Rs 91,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Street?

The Sub Registrar Office that covers Ambethkar Street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thudiyalur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate taxes and fees associated with the property transaction.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 350 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, marking an overall increase of 190%.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 91,260.

Which office handles the registration of properties on Ambethkar Street?

The registration of properties on Ambethkar Street is handled by the Periyanayakkan Palayam Sub Registrar Office.

What is the median guideline value of streets in Thudiyalur?

The median guideline value of streets in Thudiyalur is Rs 1,019 per sq.ft, with Ambethkar Street's value being slightly below this median.