Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street in Punjaipuliampatti village is Rs 1,340 per sq.ft, effective from 1 July 2024. This street falls under the Punchaipuliyampatti SRO and is classified as Mixed Type - I land.

How the guideline value of Ambethkar Street has changed

Over the years, the guideline value of Ambethkar Street has seen significant changes. The earliest recorded figure is from the 2007 revision, where the value was Rs 95 per sq.ft. This increased dramatically to Rs 1,200 per sq.ft in 2012, marking an increase of 1163%. However, the value then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, which then rose to Rs 1,340 per sq.ft in 2024, reflecting an increase of 12%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 1311% in the guideline value.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 1,680 per sq.ft. The median guideline value in the village is Rs 780 per sq.ft, positioning Ambethkar Street's 2024 figure above this median.

• Alampalayam Natham: Rs 335 per sq.ft (2024)
• A.Govindhasamy Street: Rs 780 per sq.ft (2024)
• Anjanenjan Azhagiri Street: Rs 780 per sq.ft (2024)
• Aasath Street: Rs 1,120 per sq.ft (2024)
• Anna Nagar Harijan Colony: Rs 670 per sq.ft (2024)
• Anna Street: Rs 780 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 1,340 per sq.ft, the total guideline value would be Rs 13,40,000. The stamp duty at 7% would amount to Rs 93,800, while the registration fee at 2% would be Rs 26,800. Together, the total cost for these fees would be Rs 1,20,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Punjaipuliampatti. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that transactions are conducted fairly and transparently.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This process helps in maintaining a standard valuation across the region, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 1,340 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 95 per sq.ft in 2007 to Rs 1,340 per sq.ft in 2024, reflecting an overall increase of 1311% over the years.

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

For a property valued at Rs 1,340 per sq.ft, the stamp duty would be Rs 93,800 and the registration fee would be Rs 26,800, totaling Rs 1,20,600.

Which Sub Registrar Office handles transactions for Ambethkar Street?

The Punchaipuliyampatti Sub Registrar Office is responsible for handling transactions for Ambethkar Street, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.

How does the guideline value affect property transactions in Punjaipuliampatti?

The guideline value is used to determine the minimum selling price of properties and is essential for calculating stamp duty and registration fees during property transactions in Punjaipuliampatti.