Guideline Value for ABIRAMI GARDEN

Abirami Garden guideline value

The current guideline value of Abirami Garden, located in Chinnavedampatty, is Rs 1,095 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - III, and it falls under the Gandhipuram SRO.

How the guideline value of Abirami Garden has changed

The guideline value of Abirami Garden has seen significant changes over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased dramatically to Rs 1,000 per sq.ft, marking a rise of 273%. The most recent revision in 2024 raised the guideline value to Rs 1,095 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 174%.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft, with the median being Rs 1,095 per sq.ft. Abirami Garden's 2024 figure aligns with this median.

• Adhithi Enclave: Rs 2,000 per sq.ft (2024)
• Adi Dravidar Natham(Nanjay Gounden Pudur): Rs 1,090 per sq.ft (2024)
• Adi Dravidar Veethi (Chinnavedampatti Natham): Rs 1,090 per sq.ft (2024)
• Adi Dravidar Veethi (Udayampalayam Natham): Rs 1,090 per sq.ft (2024)
• Akkammal Avenue: Rs 1,105 per sq.ft (2024)
• Akkammal Garden: Rs 1,105 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 1,095 per sq.ft, the total guideline value would be Rs 10,95,000. The stamp duty at 7% would amount to Rs 76,650, and the registration fee at 2% would be Rs 21,900, bringing the total cost for these fees to Rs 98,550. 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 details.

Which Sub Registrar Office covers Abirami Garden?

The Sub Registrar Office that covers Abirami Garden is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Chinnavedampatty. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions reflect the current market conditions as assessed by the Registration Department.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Abirami Garden?

The current guideline value of Abirami Garden is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,095 per sq.ft in 2024.

What is the land classification for Abirami Garden?

Abirami Garden is classified as Residential Class I Type - III, which indicates its suitability for residential purposes.

Where can I find the registration office for Abirami Garden?

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

How is the stamp duty calculated for property in Abirami Garden?

The stamp duty for property in Abirami Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.