Guideline Value for ABIRAMI GARDEN - II

Abirami Garden - II guideline value

The current guideline value of Abirami Garden - II is Rs 690 per sq.ft, effective from 1 July 2024. This property is located in Somayampalayam village, under the Vadavalli SRO, and is classified as Commercial Special Type - II.

How the guideline value of Abirami Garden - II has changed

In the 2017 revision, the guideline value was Rs 625 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 625 per sq.ft. However, in the most recent 2024 revision, the guideline value increased by 10% to Rs 690 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 10%. The increase from 2023 to 2024 marks a significant change, reflecting the current value of Rs 690 per sq.ft.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 720 per sq.ft. Abirami Garden - II's 2024 figure is below this median.

• Abirami Garden - I: Rs 690 per sq.ft (2024)
• Adhava City: Rs 550 per sq.ft (2024)
• Ajantha Nagar: Rs 550 per sq.ft (2024)
• Akshra Gardens: Rs 550 per sq.ft (2024)
• Alpha Garden: Rs 825 per sq.ft (2024)
• Altrons Gardens: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Garden - II

For a 1,000 sq.ft plot at the current rate of Rs 690 per sq.ft, the guideline value amounts to Rs 6,90,000. The stamp duty at 7% would be Rs 48,300, and the registration fee at 2% would be Rs 13,800, totaling Rs 62,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Abirami Garden - II?

The Abirami Garden - II property falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Somayampalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value influences the stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate taxes from property transactions.

Frequently asked questions

What is the current guideline value of Abirami Garden - II?

The current guideline value of Abirami Garden - II is Rs 690 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2017 to Rs 690 per sq.ft in 2024, reflecting a 10% increase over this period. The value remained unchanged from 2017 to 2023.

What is the land classification of Abirami Garden - II?

Abirami Garden - II is classified as Commercial Special Type - II. This classification can affect the usage and development potential of the property.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles property registrations in the area.

How is the stamp duty calculated for properties in Abirami Garden - II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,90,000, the stamp duty would be Rs 48,300.