Guideline Value for ABIRAMI AVENUE

Abirami Avenue guideline value

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

How the guideline value of Abirami Avenue has changed

In the 2023 revision, the guideline value for Abirami Avenue was Rs 1,000 per sq.ft. With the 2024 revision, this value increased by 6% to Rs 1,055 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Thus, the changes in the guideline value from the 2023 to the 2024 revision reflect a notable adjustment. The absence of figures for the earlier years indicates that the value was not recorded in the register for those periods.

Guideline values in Saravanmpatty.

In Saravanmpatty., there are 180 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft, with a median value of Rs 1,060 per sq.ft. The guideline value for Abirami Avenue is below this median.

• Abirami Nagar: Rs 1,055 per sq.ft (2024)
• Aarudhra Enclave: Rs 1,685 per sq.ft (2024)
• Adithiravidar Veethi -1: Rs 1,055 per sq.ft (2024)
• Adithiravidar Veethi -2: Rs 1,055 per sq.ft (2024)
• Alagu Nagar: Rs 1,055 per sq.ft (2024)
• Ambigapathi Veethi: Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, and the registration fee at 2% would be Rs 21,100, making the total cost for these fees Rs 94,950. 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 precise calculations.

Which Sub Registrar Office covers Abirami Avenue?

The Sub Registrar Office that covers Abirami Avenue is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Saravanmpatty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which is essential for legal and financial documentation. This value is particularly important for calculating the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Abirami Avenue?

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

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2023 to Rs 1,055 per sq.ft in 2024, representing a 6% increase. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

What is the classification of land for Abirami Avenue?

Abirami Avenue is classified as Residential Class I Type - IV, indicating its designation for residential purposes within the locality.

What are the other streets with similar guideline values in Saravanmpatty.?

Other streets in Saravanmpatty. with similar guideline values include Abirami Nagar, Adithiravidar Veethi -1, Adithiravidar Veethi -2, and Alagu Nagar, all at Rs 1,055 per sq.ft in 2024.

How is stamp duty calculated for properties in Abirami Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000, leading to a stamp duty of Rs 73,850.