Guideline Value for ABINAV AVNUE

Abinav Avnue guideline value

The current guideline value of Abinav Avnue is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Pattanam village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Abinav Avnue has changed

The guideline value for Abinav Avnue has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 300 per sq.ft in the 2023 revision, and then to Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO, with guideline values ranging from Rs 165 to Rs 1,815 per sq.ft as of 2024. The median value for these streets is Rs 220 per sq.ft, placing Abinav Avnue's 2024 figure above this median.

• Alagimmal Colony: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 330 per sq.ft (2024)
• Amman Nagar, Extension: Rs 330 per sq.ft (2024)
• Andal Garden: Rs 220 per sq.ft (2024)
• Angel Garden: Rs 165 per sq.ft (2024)
• Annai Gardens: Rs 635 per sq.ft (2024)

Stamp duty and registration fee for property in Abinav Avnue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abinav Avnue?

The Sub Registrar Office that covers Abinav Avnue 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 details.

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

The guideline value is a critical component in the registration process of property transactions in Pattanam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value ensures that the transaction is registered at a fair value, helping to maintain transparency and accountability in real estate dealings within the region.

Frequently asked questions

What is the current guideline value of Abinav Avnue?

The current guideline value of Abinav Avnue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the median guideline value for streets in Pattanam?

The median guideline value for streets in Pattanam is Rs 220 per sq.ft, with Abinav Avnue's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Abinav Avnue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees amount to Rs 29,700 in total.

Where is the Sub Registrar Office for Abinav Avnue located?

The Sub Registrar Office for Abinav Avnue is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.