Guideline Value for Ambika Lay-out

Ambika Lay-out guideline value

The current guideline value of Ambika Lay-out is Rs 2,240 per sq.ft, effective from 1 July 2024. This area falls under Ganapathyward11 village and is classified as Residential Class I Type - II. The guideline value is determined by the Ganapathy SRO.

How the guideline value of Ambika Lay-out has changed

The guideline value for Ambika Lay-out has seen several revisions over the years. From the 2007 revision, which was Rs 1,000 per sq.ft, it increased to Rs 2,000 per sq.ft in 2012, marking a 100% increase. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose significantly to Rs 2,000 per sq.ft in 2023, and further increased to the current rate of Rs 2,240 per sq.ft in 2024, reflecting a 12% rise.

Overall, from 2007 to 2024, the guideline value has increased by 124%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ganapathyward11

In Ganapathyward11, there are 104 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,120 to Rs 10,080 per sq.ft. The median guideline value is Rs 2,240 per sq.ft, which is equal to the current value for Ambika Lay-out.

• Alamu Nagar South SideMAIN ROAD: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side 3rd Cross: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side 2nd Cross: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side 1st Cross: Rs 2,240 per sq.ft (2024)
• Annapoorna Lay-out: Rs 2,240 per sq.ft (2024)
• Arundhadhiyar Street (Haripuram): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Ambika Lay-out

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value amounts to Rs 22,40,000. The stamp duty at 7% would be Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total charges to Rs 2,01,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambika Lay-out?

The Sub Registrar Office that covers Ambika Lay-out is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ganapathyward11

The guideline value is a crucial factor in the registration process of property transactions in Ganapathyward11. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ambika Lay-out?

The current guideline value of Ambika Lay-out is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, with various increases and one decrease in between.

What is the land classification for Ambika Lay-out?

Ambika Lay-out is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ambika Lay-out?

The Ganapathy Sub Registrar Office covers Ambika Lay-out, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for property in Ambika Lay-out?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,40,000 would incur a stamp duty of Rs 1,56,800 at 7%.