Guideline Value for ABIRAMI GARDEN - I

Abirami Garden - I guideline value

The current guideline value for Abirami Garden - I 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 - I has changed

The guideline value for Abirami Garden - I has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 933 per sq.ft. This was followed by a decrease to Rs 625 per sq.ft in the 2023 revision, marking a reduction of 33%. The current figure of Rs 690 per sq.ft in the 2024 revision represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has decreased by 26%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median guideline value for these streets is Rs 720 per sq.ft, making the current value of Abirami Garden - I below that median.

• Abirami Garden - II: 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 - I

For a 1,000 sq.ft plot at the current guideline value of Rs 690 per sq.ft, the total guideline value would be Rs 6,90,000. The stamp duty at 7% would amount to Rs 48,300, and the registration fee at 2% would be Rs 13,800, bringing the total cost for these fees to Rs 62,100. 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 further calculations.

Which Sub Registrar Office covers Abirami Garden - I?

The Abirami Garden - I property falls under the Vadavalli Sub Registrar Office. The address is Subregistrar Office, Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Somayampalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

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

The current guideline value of Abirami Garden - I 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 933 per sq.ft in 2017 to Rs 625 per sq.ft in 2023, and then to Rs 690 per sq.ft in 2024. This represents a decrease of 26% overall from 2017 to 2024.

What is the land classification for Abirami Garden - I?

Abirami Garden - I is classified as Commercial Special Type - II.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Abirami Garden - I is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, Coimbatore registration zone.

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

The 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 690 per sq.ft, the total guideline value would be Rs 6,90,000.