Guideline Value for ABHIS GK AVENUE

Abhis Gk Avenue guideline value

The current guideline value of Abhis Gk Avenue is Rs 1,055 per sq.ft, effective from 1 July 2024. This street is located in KALAPATTY_East village under the Gandhipuram SRO and is classified as Residential Class I Type - III.

How the guideline value of Abhis Gk Avenue has changed

The guideline value for Abhis Gk Avenue has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, which increased by 6% to Rs 1,055 per sq.ft in the 2024 revision.

In the latest revision, the guideline value rose from Rs 1,000 per sq.ft in 2023 to Rs 1,055 per sq.ft in 2024. This change reflects a consistent increase in the guideline value, aligning with the median value of Rs 1,055 per sq.ft for KALAPATTY_East streets in 2024.

Guideline values in KALAPATTY_East

KALAPATTY_East has a total of 358 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,055 per sq.ft, which is equal to the 2024 guideline value for Abhis Gk Avenue.

• Aarudhra Quinta Phase-III: Rs 2,145 per sq.ft (2024)
• Aarudhra Quinta Phase II: Rs 2,145 per sq.ft (2024)
• Aarudhra Quinta Phase-I: Rs 2,145 per sq.ft (2024)
• Aarudhra Quinta: Rs 2,145 per sq.ft (2024)
• Aarudhra Querencia Extension: Rs 2,145 per sq.ft (2024)
• Aarudhra Querencia: Rs 2,145 per sq.ft (2024)

Stamp duty and registration fee for property in Abhis Gk Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total cost to Rs 94,950. 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 Abhis Gk Avenue?

The Sub Registrar Office that covers Abhis Gk Avenue is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in KALAPATTY_East. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that both buyers and sellers adhere to the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Abhis Gk Avenue?

The current guideline value of Abhis Gk Avenue is Rs 1,055 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,055 per sq.ft in 2024, marking a 6% increase.

What is the land classification for Abhis Gk Avenue?

Abhis Gk Avenue is classified as Residential Class I Type - III.

Where can I find the registration office for Abhis Gk Avenue?

The registration office for Abhis Gk Avenue is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the stamp duty calculated for properties in KALAPATTY_East?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,055 per sq.ft would incur a stamp duty of Rs 73,850.