Guideline Value for Ambika Nagar

Ambika Nagar guideline value

The current guideline value of Ambika Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

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 value was set at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The value then remained at Rs 1,000 per sq.ft in both 2023 and the upcoming 2024 revision, showing no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 400%. The revisions for the years 2002 and 2003 do not have any figures available for this street in the register.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Ambika Nagar's guideline value is below this median.

• Amitra's Adarsh: Rs 1,004 per sq.ft (2024)
• Amman Kovil Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar: Rs 1,000 per sq.ft (2024)
• Amman Nagar: Rs 1,100 per sq.ft (2024)
• Aliv Garden: Rs 1,000 per sq.ft (2024)
• Alamu Nagar: Rs 1,000 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the 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 Ambika Nagar?

Ambika Nagar falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more details.

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

When buying or selling property in Vadavalli, the guideline value is a crucial factor during the registration process. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

The guideline value serves as a benchmark for property transactions, and it is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Ambika Nagar?

The current guideline value of Ambika Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with various changes in between, including a decrease in 2017.

What are the other streets with guideline values in Vadavalli?

Other streets in Vadavalli have varying guideline values, with some streets like Amman Kovil Street at Rs 1,100 per sq.ft and others like Aliv Garden and Alamu Nagar at Rs 1,000 per sq.ft.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Ambika Nagar located?

The Sub Registrar Office for Ambika Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, under the Vadavalli SRO.