Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Ward - B village under the Udumalpettai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Abirami Nagar has changed

Over the years, the guideline value of Abirami Nagar has seen several revisions. The earliest recorded figure is from 2003, which was Rs 316 per sq.ft. This was followed by Rs 600 per sq.ft in 2012, which marked an increase of 90% from the previous revision. However, the value dropped to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then rose significantly to Rs 600 per sq.ft in 2023, and further increased to Rs 660 per sq.ft in 2024, representing a 10% rise.

There are no figures available for the years 2002 and 2007 in the register for this street. The overall change in guideline value from 2003 to 2024 is an increase of 109%.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Abirami Nagar's 2024 figure above this median.

• Anna Street: Rs 380 per sq.ft (2024)
• Anusham Nagar: Rs 660 per sq.ft (2024)
• Arasilango Street: Rs 380 per sq.ft (2024)
• Ariyar Real Estate: Rs 500 per sq.ft (2024)
• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that 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?

The Sub Registrar Office that covers Abirami Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial reference point for property transactions in Ward - B. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 316 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, with various revisions in between, including Rs 600 per sq.ft in 2012 and Rs 600 per sq.ft in 2023.

What are the other streets in Ward - B?

Other streets in Ward - B include Anna Street at Rs 380 per sq.ft, Anusham Nagar and Arumugam Nagar at Rs 660 per sq.ft, and Ariyar Real Estate and Avanandishwarar Layout at Rs 500 per sq.ft.

What is the stamp duty for property in Abirami Nagar?

The stamp duty for property in Abirami Nagar is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 46,200.

Where can I find the Sub Registrar Office for Abirami Nagar?

The Sub Registrar Office covering Abirami Nagar is located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.