Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Krinshnarayapuram village under the Peelamedu SRO, is Rs 1,005 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision brought it back up to Rs 1,000 per sq.ft. The most recent 2024 revision has increased it slightly to Rs 1,005 per sq.ft, marking a 1% increase from the previous year.

Looking at the changes between the revisions, the value increased by 49% from 2017 to 2023. Overall, from the 2012 revision to the 2024 revision, there has been a marginal increase of just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Krinshnarayapuram

Krinshnarayapuram village has a total of 57 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,005 per sq.ft, which is equal to the current guideline value of Abirami Nagar.

• Adithravidar Natham(Pattalamman Kovil Street): Rs 1,005 per sq.ft (2024)
• Arasamara Street: Rs 1,005 per sq.ft (2024)
• A.R.Subbiah Naidu Street: Rs 1,005 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)
• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Thennanthope Road: Rs 1,870 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 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total fees to Rs 90,450. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Krinshnarayapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,005 per sq.ft in 2024. The value was previously Rs 670 per sq.ft in 2017.

What is the land classification for Abirami Nagar?

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

Where can I find the Peelamedu Sub Registrar Office?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Abirami Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 10,05,000 would incur a stamp duty of Rs 70,350 at a rate of 7%.