Guideline Value for ABIRAMIAVENUE

Abiramiavenue guideline value

The current guideline value of Abiramiavenue, located in Kannampalayam village under the Sulur SRO, is Rs 896 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Abiramiavenue has changed

Looking at the revisions, the guideline value for Abiramiavenue has seen several changes over the years. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, there was a significant increase to Rs 800 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 896 per sq.ft, marking a 12% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 12% increase in the guideline value, reflecting the fluctuations in property valuation in this area.

Guideline values in Kannampalayam

In Kannampalayam, there are 114 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft, with a median value of Rs 336 per sq.ft. The guideline value for Abiramiavenue is above this median.

• Amarjothi jai Nagar: Rs 448 per sq.ft (2024)
• Amarjothi nagar north side: Rs 224 per sq.ft (2024)
• Amarjothi Puvaneswari Nagar: Rs 224 per sq.ft (2024)
• Amarothi Nagar: Rs 448 per sq.ft (2024)
• Anna nagar: Rs 336 per sq.ft (2024)
• Appachi Gounder Street: Rs 224 per sq.ft (2024)

Stamp duty and registration fee for property in Abiramiavenue

For a 1,000 sq.ft plot at the current guideline value of Rs 896 per sq.ft, the total guideline value amounts to Rs 8,96,000. The stamp duty at 7% would be Rs 62,720, and the registration fee at 2% would be Rs 17,920, making the total cost for these fees Rs 80,640. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abiramiavenue?

The Sub Registrar Office that covers Abiramiavenue is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Kannampalayam. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in the property registration process.

Frequently asked questions

What is the current guideline value of Abiramiavenue?

The current guideline value of Abiramiavenue is Rs 896 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 in 2012 to Rs 536 in 2017, then to Rs 800 in 2023, and finally to Rs 896 in 2024. This reflects a 12% increase from 2023 to 2024 and a 49% increase from 2017 to 2023.

What is the land classification for Abiramiavenue?

Abiramiavenue is classified as Commercial Class I Type - I, indicating its commercial significance within the area.

Where can I find the Sub Registrar Office for Abiramiavenue?

The Sulur Sub Registrar Office covers Abiramiavenue, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 80,640.