Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it then saw a decrease to Rs 502 per sq.ft in 2017. Following this, the value rose sharply to Rs 1,000 per sq.ft in 2023, and it has now reached Rs 1,010 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From the 2017 revision to 2023, there was a remarkable increase of 99%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a substantial 200%. Overall, from 2007 to 2024, the guideline value has increased by 304%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Abirami Nagar is below this median.

• Abiraminagar North Side: Rs 1,010 per sq.ft (2024)
• Acc Nagar: Rs 1,400 per sq.ft (2024)
• Acc Nagar.Ambal Nagar: Rs 1,400 per sq.ft (2024)
• Acc Nagar.N.M.Nagar: Rs 1,400 per sq.ft (2024)
• Alamarathottam: Rs 1,010 per sq.ft (2024)
• Alamelu Mangapuram.Thiruvenkatasamy Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, while the registration fee at 2% would be Rs 20,200, bringing the total to Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ganapathy. It is used as a basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the prevailing rates in the area. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, marking an overall increase of 304% over the years.

What is the registration office for Abirami Nagar?

The registration office for Abirami Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

How is stamp duty calculated in Abirami Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a plot of 1,000 sq.ft, the stamp duty would be Rs 70,700 at the current guideline value.

What are the guideline values of other streets in Ganapathy?

Other streets in Ganapathy have varying guideline values, with rates ranging from Rs 1,007 to Rs 4,595 per sq.ft. For example, Acc Nagar has a guideline value of Rs 1,400 per sq.ft in 2024.