Guideline Value for ABINAYA GARDENS

Abinaya Gardens guideline value

The current guideline value of Abinaya Gardens, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,680 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Abinaya Gardens has changed

The guideline value for Abinaya Gardens has experienced several revisions over the years. The most recent revision in 2024 set the value at Rs 1,680 per sq.ft, which is an increase from Rs 1,500 per sq.ft in 2023, marking a change of +12%. Prior to that, the value saw a significant decrease from Rs 10,820 per sq.ft in 2017 and Rs 16,150 per sq.ft in 2012, reflecting a decrease of -86% and -33% respectively. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has decreased by -90%. This substantial drop highlights the fluctuations in property values in the area over the past decade. The previous revisions show a clear trend of declining values, culminating in the current guideline value.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO, with 2024 guideline values ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, placing Abinaya Gardens' 2024 figure above this median.

• Aadharsh Garden: Rs 1,010 per sq.ft (2024)
• Akkammal lay out: Rs 1,008 per sq.ft (2024)
• Ambal Nagar: Rs 1,008 per sq.ft (2024)
• Ambethkhar Nagar: Rs 1,005 per sq.ft (2024)
• A M D Nagar: Rs 1,006 per sq.ft (2024)
• Amman Nagar Peace-1,2,3,4: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Abinaya Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total fees together to Rs 1,51,200. It is important to note that 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 accurate calculations.

Which Sub Registrar Office covers Abinaya Gardens?

The Sub Registrar Office covering Abinaya Gardens is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per the government’s assessment.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Abinaya Gardens?

The current guideline value of Abinaya Gardens is Rs 1,680 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen significant changes, decreasing from Rs 16,150 per sq.ft in 2012 to Rs 1,680 per sq.ft in 2024, which is a decrease of 90% overall.

What is the stamp duty rate for properties in Abinaya Gardens?

The stamp duty rate for properties in Abinaya Gardens is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Abinaya Gardens is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What other streets have guideline values in Villankuruchi?

Other streets in Villankuruchi include Aadharsh Garden, Akkammal lay out, Ambal Nagar, Ambethkhar Nagar, A M D Nagar, and Amman Nagar Peace-1,2,3,4, with values ranging from Rs 1,005 to Rs 1,010 per sq.ft in 2024.