Guideline Value for Ambrose Nagar

Ambrose Nagar guideline value

The current guideline value of Ambrose Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area is located in Karumathapatti village and falls under the Sulur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ambrose Nagar has changed

The guideline value for Ambrose Nagar has seen several revisions over the years. In 2007, the value was Rs 115 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, this value saw a decrease to Rs 268 per sq.ft in 2017. The most recent revision in 2023 set the guideline value back to Rs 400 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%. Notably, the value rose by 248% from 2007 to 2012. Overall, from 2007 to 2023, the guideline value has increased by 248%. There are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Karumathapatti

There are no specific village figures available for Karumathapatti. The guideline value for Ambrose Nagar is currently set at Rs 400 per sq.ft. There are no other streets in Karumathapatti listed under the Sulur SRO.

Stamp duty and registration fee for property in Ambrose Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambrose Nagar?

The Sub Registrar Office that covers Ambrose Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karumathapatti. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with registration requirements. The higher of the guideline value and the sale price is used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Ambrose Nagar?

The current guideline value of Ambrose Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 115 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and finally returned to Rs 400 per sq.ft in 2023.

What is the stamp duty rate for property in Ambrose Nagar?

The stamp duty rate for property in Ambrose Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ambrose Nagar located?

The Sub Registrar Office for Ambrose Nagar is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

Are there any other streets in Karumathapatti listed under the Sulur SRO?

There are no other streets in Karumathapatti listed under the Sulur SRO at this time.