Guideline Value for ABI GARDENS

Abi Gardens guideline value

The current guideline value of Abi Gardens is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Peedampalli village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Abi Gardens has changed

The guideline value for Abi Gardens has undergone several revisions since 2017. In the 2017 revision, the value was Rs 100 per sq.ft, which increased to Rs 150 per sq.ft in 2023, marking a 50% rise. The most recent revision in 2024 saw the guideline value increase to Rs 165 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft. The median value for these streets is Rs 165 per sq.ft, which is equal to the guideline value of Abi Gardens.

• Abirami Nagar: Rs 140 per sq.ft (2024)
• Aadithya Nagar: Rs 330 per sq.ft (2024)
• Adithya Gardens: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Amman Sakthi Nagar: Rs 220 per sq.ft (2024)
• Annai Ganga Nair Township 1 to 4: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Abi Gardens

For a 1,000 sq.ft plot at the current rate of Rs 165 per sq.ft, the guideline value would be Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total to Rs 14,850. 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 Sub Registrar Office covering Abi Gardens is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Peedampalli. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Abi Gardens?

The current guideline value of Abi Gardens is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, and then to Rs 165 per sq.ft in 2024, reflecting a total increase of 65% from 2017 to 2024.

What other streets have guideline values in Peedampalli?

There are several other streets in Peedampalli with varying guideline values, ranging from Rs 110 to Rs 1,050 per sq.ft. The median value for these streets is Rs 165 per sq.ft.

What fees are associated with buying property in Abi Gardens?

The fees associated with buying property in Abi Gardens include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Abi Gardens?

The Sub Registrar Office for Abi Gardens is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.