Guideline Value for ABIRAMI NAGAR-1

Abirami Nagar-1 guideline value

The current guideline value of Abirami Nagar-1, located in Naranapuram village under the Palladam SRO, is Rs 720 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Abirami Nagar-1 has changed

The guideline value for Abirami Nagar-1 has seen several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which decreased to Rs 435 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 650 per sq.ft in the 2023 revision, and it has further risen to Rs 720 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Naranapuram

Naranapuram village features a total of 64 streets under the Palladam SRO, with guideline values ranging from Rs 301 to Rs 1,060 per sq.ft. The median value for these streets is Rs 445 per sq.ft, placing Abirami Nagar-1's 2024 figure above that median.

• Abirami Nagar-2: Rs 720 per sq.ft (2024)
• Abirami Nagar-3: Rs 720 per sq.ft (2024)
• Adhi Thiravidar Street: Rs 301 per sq.ft (2024)
• Amaran Jaiprakash Street: Rs 1,050 per sq.ft (2024)
• Annamalai Nagar: Rs 445 per sq.ft (2024)
• Arijanacolony: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar-1

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees to Rs 64,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Nagar-1?

The Sub Registrar Office that covers Abirami Nagar-1 is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naranapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these fees are calculated based on the official value set by the government.

When a property is sold, the guideline value helps in establishing a fair price for the transaction, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Nagar-1?

The current guideline value of Abirami Nagar-1 is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.

What is the land classification of Abirami Nagar-1?

Abirami Nagar-1 falls under the Residential Class I Type - III land classification.

What are the stamp duty and registration fees for property in Abirami Nagar-1?

For a 1,000 sq.ft plot, the stamp duty is Rs 50,400, and the registration fee is Rs 14,400, totaling Rs 64,800 based on the current guideline value.

Which office handles registrations for Abirami Nagar-1?

The Palladam Sub Registrar Office handles registrations for Abirami Nagar-1, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.