Guideline Value for ABIRAMI NAGAR(475/2)

Abirami Nagar(475/2) guideline value

The current guideline value of Abirami Nagar(475/2) is Rs 713 per sq.ft, effective from 1 July 2024. This property is located in Veerapandi village under the Nallur_Tiruppur SRO and is classified as Residential Class III Type - I.

How the guideline value of Abirami Nagar(475/2) has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure decreased by 33% to Rs 201 per sq.ft in the 2017 revision. Following this, there was a significant increase of 248% to Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 saw a further increase of 2%, bringing the current guideline value to Rs 713 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 138%.

Guideline values in Veerapandi

Veerapandi village has a total of 214 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 2,750 per sq.ft. The median guideline value in the village is Rs 709 per sq.ft, making the 2024 guideline value of Abirami Nagar(475/2) above this median.

• A.B.Nagar: Rs 713 per sq.ft (2024)
• Abirami Nagar: Rs 713 per sq.ft (2024)
• Alankadu: Rs 713 per sq.ft (2024)
• Amaravathi Nagar: Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn.: Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn (Part II): Rs 715 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar(475/2)

For a 1,000 sq.ft plot at the current rate of Rs 713 per sq.ft, the guideline value amounts to Rs 7,13,000. The stamp duty at 7% would be Rs 49,910, and the registration fee at 2% would be Rs 14,260, making the total Rs 64,170. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Nagar(475/2)?

The Sub Registrar Office that covers Abirami Nagar(475/2) 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 Veerapandi

The guideline value is an essential factor in the registration process of property transactions in Veerapandi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value must be considered as it affects the overall costs involved in the transaction. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, impacting the total expense incurred during the property transfer.

Frequently asked questions

What is the current guideline value of Abirami Nagar(475/2)?

The current guideline value of Abirami Nagar(475/2) is Rs 713 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 713 per sq.ft in 2024, reflecting an overall increase of 138% over this period.

What is the median guideline value in Veerapandi?

The median guideline value in Veerapandi village is Rs 709 per sq.ft, with Abirami Nagar(475/2) being above this median at Rs 713 per sq.ft.

What are the stamp duty and registration fees for properties in Abirami Nagar(475/2)?

For a property valued at Rs 7,13,000, the stamp duty would be Rs 49,910 and the registration fee would be Rs 14,260, totaling Rs 64,170.

Which Sub Registrar Office covers the registration for Abirami Nagar(475/2)?

The Nallur_Tiruppur Sub Registrar Office covers the registration for Abirami Nagar(475/2), located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.