Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Velampalayam village, is Rs 709 per sq.ft as per the 2024 revision. This guideline value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification in the Tiruppur Joint II SRO.

How the guideline value of Abirami Nagar has changed

Over the years, the guideline value of Abirami Nagar has undergone several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision saw a significant increase to Rs 400 per sq.ft, and the most recent 2024 revision raised it further to Rs 709 per sq.ft, marking a 77% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 77%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing Abirami Nagar's 2024 figure below that median.

• A B Nagar: Rs 715 per sq.ft (2024)
• A B Nagar 1st St: Rs 716 per sq.ft (2024)
• A B Nagar 2nd St: Rs 716 per sq.ft (2024)
• A B Nagar West: Rs 716 per sq.ft (2024)
• Ace City Garden(Annaipalayam): Rs 711 per sq.ft (2024)
• Aavinan Kudi: Rs 707 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 709 per sq.ft, the total guideline value amounts to Rs 7,09,000. The stamp duty at 7% would be Rs 49,630, and the registration fee at 2% would be Rs 14,180, bringing the total to Rs 63,810. Please note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, 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 Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Velampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It determines the minimum price at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded accurately in the official register. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 709 per sq.ft in 2024.

What is the land classification for Abirami Nagar?

Abirami Nagar falls under the Residential Class III Type - I land classification as per the guidelines.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,09,000, the stamp duty would be Rs 49,630 and the registration fee would be Rs 14,180, totaling Rs 63,810.

Which office handles registrations for Abirami Nagar?

The Tiruppur Joint II Sub Registrar Office handles registrations for Abirami Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.