Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Veerapandi village under the Periyanayakkan Palayam SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - V land classification.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This figure changed to Rs 100 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 100%, rising to Rs 200 per sq.ft. The most recent revision in 2024 has increased the value further to Rs 220 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Veerapandi

In Veerapandi village, there are 201 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, indicating that the guideline value for Abirami Nagar is below this median.

• Aksaya Garden: Rs 280 per sq.ft (2024)
• Amman Avenue: Rs 235 per sq.ft (2024)
• Amman Kovil Thota Sandhu: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 280 per sq.ft (2024)
• A.M.S.Garden: Rs 390 per sq.ft (2024)
• Aniiv Avenue: Rs 330 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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Nagar?

Abirami Nagar falls under the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Veerapandi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property in Veerapandi, understanding the guideline value helps both buyers and sellers gauge the official worth of the property. This value is used to determine the applicable fees, which are essential for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, with various increases and a decrease in between.

What is the median guideline value of streets in Veerapandi?

The median guideline value of the streets in Veerapandi is Rs 330 per sq.ft, while Abirami Nagar's value is below this median.

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

The stamp duty for a property valued at Rs 2,20,000 is Rs 15,400, and the registration fee is Rs 4,400, totaling Rs 19,800 for a 1,000 sq.ft plot.

Which office handles property registrations in Abirami Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Abirami Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.