Guideline Value for Ambethkar street (414)

Ambethkar street (414) guideline value

The current guideline value of Ambethkar street (414) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Aapakudal village and falls under the Kavundapadi SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Ambethkar street (414) has changed

Over the years, the guideline value of Ambethkar street (414) has undergone several revisions. The earliest available figure is from 2007, where the guideline value was Rs 20 per sq.ft. This increased significantly to Rs 150 per sq.ft in 2012, marking a 650% rise. However, from 2012 to 2017, the value decreased to Rs 100 per sq.ft, which is a reduction of 33%. The value then saw a substantial increase to Rs 200 per sq.ft in 2017, doubling the previous figure. The 2023 revision also maintained the guideline value at Rs 200 per sq.ft, with no change from the previous year, 2023 to 2024.

The register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 900%.

Guideline values in Aapakudal

Aapakudal village has a total of 51 streets under the Kavundapadi SRO, with the 2024 guideline values ranging from Rs 200 to Rs 508 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, indicating that Ambethkar street (414) is below this median.

• Amman Koil Street (374): Rs 275 per sq.ft (2024)
• Aa. Pudhupalayam Main Road (11,39/2,3,7,8,9,10,50/6,9,10,11,47/8 to12,63/1 to9,80/1 to5,87/1,4,5,8 to 11,97/1 to 5): Rs 275 per sq.ft (2024)
• Aappakkoodal Main Road (416/1,3,4,5,6,374): Rs 400 per sq.ft (2024)
• Aappaakkoodal thotta salaikal (414): Rs 200 per sq.ft (2024)
• Anna Nagar (346/1,2,3,4,5,347/9,347/10,364/3,4): Rs 200 per sq.ft (2024)
• Anthiyur Main Road (44/3,52/11,12): Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar street (414)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. 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 (414)?

The Sub Registrar Office that covers Ambethkar street (414) 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 Aapakudal

The guideline value plays a crucial role during the registration of properties in Aapakudal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ambethkar street (414)?

The current guideline value of Ambethkar street (414) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Ambethkar street (414)?

The guideline value has seen significant changes, starting from Rs 20 per sq.ft in 2007, rising to Rs 150 in 2012, dropping to Rs 100 in 2017, and finally reaching Rs 200 in 2023 and 2024.

What are the other streets in Aapakudal with their guideline values?

Other streets in Aapakudal include Amman Koil Street (374) at Rs 275 per sq.ft, Aa. Pudhupalayam Main Road at Rs 275 per sq.ft, Aappakkoodal Main Road at Rs 400 per sq.ft, and others with varying rates.

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 the stamp duty calculated for properties in Ambethkar street (414)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7% and a registration fee of Rs 4,000 at 2%.