Guideline Value for ABI GARDENS

Abi Gardens guideline value

The current guideline value of Abi Gardens is Rs 361 per sq.ft, effective from 1 July 2024. This area is located in Kottur village under the Anaimalai Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Abi Gardens has changed

The guideline value for Abi Gardens has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 325 per sq.ft. This figure decreased to Rs 218 per sq.ft in 2017. Following this, the value increased to Rs 360 per sq.ft in 2023, and it has now reached Rs 361 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

When examining the changes, the guideline value saw a significant increase of 65% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Kottur

Kottur village has a total of 286 streets under the Anaimalai SRO, with the 2024 guideline values ranging from Rs 201 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 201 per sq.ft, placing Abi Gardens above this median.

• Anbu Nagar: Rs 201 per sq.ft (2024)
• Ariyapuram: Rs 201 per sq.ft (2024)
• Arunachalam Nagar: Rs 251 per sq.ft (2024)
• Athi Parasakthi Nagar: Rs 360 per sq.ft (2024)
• Bharath Nagar: Rs 251 per sq.ft (2024)
• Cheran Nagar: Rs 360 per sq.ft (2024)

Stamp duty and registration fee for property in Abi Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 361 per sq.ft, the total guideline value amounts to Rs 3,61,000. The stamp duty at 7% would be Rs 25,270, and the registration fee at 2% would be Rs 7,220, bringing the total fees to Rs 32,490. 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 Abi Gardens?

The Abi Gardens area is covered by the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Kottur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This ensures transparency and fairness in the transaction process, as the fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Abi Gardens?

The current guideline value of Abi Gardens is Rs 361 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2012 to Rs 218 per sq.ft in 2017, then to Rs 360 per sq.ft in 2023, and finally to Rs 361 per sq.ft in 2024.

What is the land classification of Abi Gardens?

Abi Gardens is classified as Commercial Class I Type - I, indicating its zoning for commercial use.

Where can I find the Anaimalai Sub Registrar Office?

The Anaimalai Sub Registrar Office is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

How is the stamp duty calculated for property in Abi Gardens?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 32,490, including stamp duty and registration fees.