Guideline Value for ABIRAMI NAGAR-3

Abirami Nagar-3 guideline value

The current guideline value of Abirami Nagar-3 is Rs 720 per sq.ft, effective from 1 July 2024. This area is located in Naranapuram village under the Palladam SRO and is classified as Residential Class I Type - III.

How the guideline value of Abirami Nagar-3 has changed

The guideline value for Abirami Nagar-3 has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 720 per sq.ft, an increase from Rs 650 per sq.ft in 2023, marking an 11% rise. Prior to that, the 2017 revision recorded a value of Rs 435 per sq.ft, which was a significant increase of 49% from the 2012 figure of Rs 650 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 11%. The 2012 revision of Rs 650 per sq.ft was followed by a decrease to Rs 435 per sq.ft in 2017, before rising again to the current value of Rs 720 per sq.ft in 2024.

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 guideline value in this area is Rs 445 per sq.ft, making Abirami Nagar-3's 2024 figure of Rs 720 per sq.ft above the median.

• Abirami Nagar-2: Rs 720 per sq.ft (2024)
• Abirami Nagar-1: 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-3

For a 1,000 sq.ft plot at the current rate of Rs 720 per sq.ft, the guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, while the registration fee at 2% would be Rs 14,400, totaling 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-3?

The Sub Registrar Office that covers Abirami Nagar-3 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 payable at the time of registration.

Frequently asked questions

What is the current guideline value of Abirami Nagar-3?

The current guideline value of Abirami Nagar-3 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 2023 to Rs 720 per sq.ft in 2024, representing an 11% increase. It was Rs 435 per sq.ft in 2017 and Rs 650 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification of Abirami Nagar-3?

Abirami Nagar-3 is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where is the Palladam Sub Registrar Office located?

The Palladam Sub Registrar Office is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Abirami Nagar-3?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 64,800.