Guideline Value for Bangalow Medu Harijan Colony Ambathkar Qrts

Bangalow Medu Harijan Colony Ambathkar Qrts guideline value

The current guideline value for Bangalow Medu Harijan Colony Ambathkar Qrts is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Mettupalayam village and falls under the Mettupalayam SRO. The land classification for this street is Residential Class V Type - I.

How the guideline value of Bangalow Medu Harijan Colony Ambathkar Qrts has changed

Over the years, the guideline value for Bangalow Medu Harijan Colony Ambathkar Qrts has experienced several revisions. The 2007 revision set the value at Rs 285 per sq.ft, which increased to Rs 350 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 234 per sq.ft, reflecting a -33% change. The value then increased by 50% to Rs 350 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 23%.

Guideline values in Mettupalayam

Mettupalayam village has a total of 327 streets under the Mettupalayam SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Bangalow Medu Harijan Colony Ambathkar Qrts below this median.

• Barbar Street: Rs 600 per sq.ft (2024)
• Bharath Bavanam Road: Rs 600 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,500 per sq.ft (2024)
• Bharathi Nagar (Huts): Rs 350 per sq.ft (2024)
• Bhavani River Road: Rs 350 per sq.ft (2024)
• Arun Nagar (Sriram Thieater Backside): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalow Medu Harijan Colony Ambathkar Qrts

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. 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 detailed calculations.

Which Sub Registrar Office covers Bangalow Medu Harijan Colony Ambathkar Qrts?

The Sub Registrar Office covering Bangalow Medu Harijan Colony Ambathkar Qrts is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Bangalow Medu Harijan Colony Ambathkar Qrts?

The current guideline value for Bangalow Medu Harijan Colony Ambathkar Qrts is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining it at Rs 350 per sq.ft. The value saw a decrease in 2017 but increased by 50% in 2023.

What is the land classification for this area?

The land classification for Bangalow Medu Harijan Colony Ambathkar Qrts is Residential Class V Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Bangalow Medu Harijan Colony Ambathkar Qrts is located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.

How is stamp duty calculated in Mettupalayam?

Stamp duty in Mettupalayam is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.