Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024. This area is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Abirami Nagar has changed

Over the years, the guideline value of Abirami Nagar has seen significant changes. The 2012 revision set the value at Rs 600 per sq.ft, which then rose to Rs 402 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking an increase of 149%. The latest revision in 2024 has further increased the guideline value to Rs 1,055 per sq.ft, reflecting a growth of 6% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 76%.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median guideline value in this area is Rs 1,060 per sq.ft, placing Abirami Nagar's 2024 figure slightly below that median.

• Abirami Avenue: Rs 1,055 per sq.ft (2024)
• Aarudhra Enclave: Rs 1,685 per sq.ft (2024)
• Adithiravidar Veethi -1: Rs 1,055 per sq.ft (2024)
• Adithiravidar Veethi -2: Rs 1,055 per sq.ft (2024)
• Alagu Nagar: Rs 1,055 per sq.ft (2024)
• Ambigapathi Veethi: Rs 1,045 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 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty, calculated at 7%, would amount to Rs 73,850, while the registration fee at 2% would be Rs 21,100. Together, the total cost for these fees would be Rs 94,950. It is important to note that 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?

The Sub Registrar Office covering Abirami Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Saravanmpatty. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is often used as a benchmark for property transactions in the area.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2012 to Rs 1,055 per sq.ft in 2024. This represents an overall increase of 76% from 2012 to 2024.

What is the registration office for Abirami Nagar?

The registration office for Abirami Nagar is the Gandhipuram Sub Registrar Office, located on Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Abirami Nagar?

Stamp duty for properties in Abirami Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.

What other streets have similar guideline values in Saravanmpatty?

Other streets in Saravanmpatty with similar guideline values include Abirami Avenue, Adithiravidar Veethi -1, Adithiravidar Veethi -2, and Alagu Nagar, all at Rs 1,055 per sq.ft in 2024.