Guideline Value for ABIRAMI GARDEN.

Abirami Garden. guideline value

The current guideline value of Abirami Garden. is Rs 704 per sq.ft, effective from 1 July 2024. This property is located in Nallur village, under the Nallur_Tiruppur SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Abirami Garden. has changed

The guideline value for Abirami Garden. has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 100 per sq.ft. This increased to Rs 185 per sq.ft in 2012, but then saw a significant decrease to Rs 124 per sq.ft in 2017. Following this, the value surged to Rs 700 per sq.ft in 2023, marking a 465% increase from the 2017 figure. The most recent revision in 2024 set the value at Rs 704 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 604%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value in this village is Rs 714 per sq.ft, placing Abirami Garden. below this median.

• Aandi Thottam: Rs 701 per sq.ft (2024)
• A.E.S.Royal Garden: Rs 721 per sq.ft (2024)
• A.E.S.Royal Garden Extn.: Rs 721 per sq.ft (2024)
• Akash Nagar: Rs 704 per sq.ft (2024)
• Aleep Garden: Rs 702 per sq.ft (2024)
• Amarjothi Aruna Nagar: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Garden.

For a 1,000 sq.ft plot at the current guideline value of Rs 704 per sq.ft, the total guideline value comes to Rs 7,04,000. The stamp duty at 7% would amount to Rs 49,280, while the registration fee at 2% would be Rs 14,080. Together, the total fees would be Rs 63,360. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Garden.?

The Sub Registrar Office that covers Abirami Garden. is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers should ensure that the guideline value is accurately reflected in their transactions to avoid any legal complications.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the local authority.

Frequently asked questions

What is the current guideline value of Abirami Garden.?

The current guideline value of Abirami Garden. is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 704 per sq.ft in 2024, showing an overall increase of 604% over this period.

What are the stamp duty and registration fees for property in Abirami Garden.?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,04,000. The stamp duty would be Rs 49,280 and the registration fee would be Rs 14,080, totaling Rs 63,360.

Which Sub Registrar Office is responsible for Abirami Garden.?

The Nallur_Tiruppur Sub Registrar Office is responsible for Abirami Garden., located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction reflects the property's value as assessed by local authorities.