Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Veerapandi village under the Nallur_Tiruppur SRO, is Rs 713 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value of Abirami Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 40 per sq.ft, which increased to Rs 200 per sq.ft in 2012, marking a substantial rise of 400%. Following this, the value jumped to Rs 700 per sq.ft in 2023, a remarkable increase of 250% from the previous revision. The most recent revision in 2024 has set the value at Rs 713 per sq.ft, reflecting a 2% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1683%, showcasing a significant upward trend in the valuation of properties in this area.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO with a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing Abirami Nagar's 2024 figure slightly above this median.

• Abirami Nagar(475/2): Rs 713 per sq.ft (2024)
• A.B.Nagar: Rs 713 per sq.ft (2024)
• Alankadu: Rs 713 per sq.ft (2024)
• Amaravathi Nagar: Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn.: Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn (Part II): Rs 715 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 713 per sq.ft, the total guideline value would be Rs 7,13,000. The stamp duty at 7% would amount to Rs 49,910, and the registration fee at 2% would be Rs 14,260, bringing the total cost for these fees to Rs 64,170. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerapandi. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value is considered to determine the applicable charges. This ensures that the transaction is recorded accurately in the official registers, reflecting the true value of the property as per government standards.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 713 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 40 per sq.ft in 2007 to Rs 713 per sq.ft in 2024, marking an overall increase of 1683% over the years.

What are the stamp duty and registration fees for properties in Abirami Nagar?

For a property valued at Rs 7,13,000, the stamp duty would be Rs 49,910, and the registration fee would be Rs 14,260, totaling Rs 64,170.

Which Sub Registrar Office covers the area of Abirami Nagar?

The Nallur_Tiruppur Sub Registrar Office covers Abirami Nagar, located near Hotel Riverview, Nagapattinam 611002.

What is the land classification of Abirami Nagar?

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