Guideline Value for Ambika Nagar

Ambika Nagar guideline value

The current guideline value of Ambika Nagar, located in Thudiyalur village under the Periyanayakkan Palayam SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Ambika Nagar has changed

The guideline value for Ambika Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 110 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this value dropped to Rs 670 per sq.ft in 2017, before rising to Rs 1,000 per sq.ft again in 2023. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft.

Between these revisions, there have been notable changes. From 2007 to 2012, the value increased by 809%. However, from 2012 to 2017, it decreased by 33%. The value then saw a substantial increase of 49% from 2017 to 2023. Finally, the transition from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 900% from 2007 to 2024.

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, with a median value of Rs 1,019 per sq.ft. The guideline value of Ambika Nagar is above this median.

• Amirtha lakshmi Garden: Rs 1,022 per sq.ft (2024)
• Ambethkar Street: Rs 1,014 per sq.ft (2024)
• Amarjothi Ever Green Garden: Rs 1,100 per sq.ft (2024)
• Amma Thottam: Rs 1,014 per sq.ft (2024)
• Alankar Thottam: Rs 1,100 per sq.ft (2024)
• Anantham Apartment: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Ambika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambika Nagar?

The Sub Registrar Office that covers Ambika Nagar 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 property transactions in Thudiyalur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with registration regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambika Nagar?

The current guideline value of Ambika Nagar is Rs 1,100 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 110 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 900% over this period.

What are the stamp duty and registration fees for properties in Ambika Nagar?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.

Which Sub Registrar Office handles registrations for Ambika Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles registrations for Ambika Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification of Ambika Nagar?

Ambika Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.