Guideline Value for ABIRAMI NAGAR-2

Abirami Nagar-2 guideline value

The current guideline value of Abirami Nagar-2 is Rs 720 per sq.ft, effective from 1 July 2024. This area is located in Naranapuram village under the Palladam Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Abirami Nagar-2 has changed

The guideline value for Abirami Nagar-2 has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 650 per sq.ft. This was followed by a decrease to Rs 435 per sq.ft in 2017. The 2023 revision increased the value to Rs 650 per sq.ft, and the latest revision in 2024 has set the value at Rs 720 per sq.ft. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

Between the revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The value then rose by 11% from 2023 to 2024. Overall, comparing the figures from 2012 to 2024, there has been an increase of 11%.

Guideline values in Naranapuram

Naranapuram village has 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 is Rs 445 per sq.ft, placing Abirami Nagar-2's 2024 figure above this median.

• Abirami Nagar-1: 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-2

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, making the total cost for these charges Rs 64,800. 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 Nagar-2?

The Sub Registrar Office that covers Abirami Nagar-2 is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Naranapuram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of sale.

When buying or selling property, it is essential to understand that the guideline value will influence the overall cost of the transaction. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Abirami Nagar-2?

The current guideline value of Abirami Nagar-2 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 back 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-2?

Abirami Nagar-2 is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Abirami Nagar-2?

The Sub Registrar Office for Abirami Nagar-2 is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How is stamp duty calculated for properties in Naranapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, if the guideline value is Rs 7,20,000, the stamp duty at 7% would be Rs 50,400.