Guideline Value for Abbai Nagar

Abbai Nagar guideline value

The current guideline value of Abbai Nagar is Rs 2,600 per sq.ft, effective from 1 July 2024. This street is located in Ward 13 village under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Abbai Nagar has changed

The guideline value for Abbai Nagar has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,300 per sq.ft, which increased to Rs 2,600 per sq.ft in the 2024 revision, marking a change of +13%.

Prior to the 2023 revision, there were no recorded figures for Abbai Nagar. The 2024 guideline value of Rs 2,600 per sq.ft is equal to the median value of Rs 2,600 per sq.ft for the 56 streets in Ward 13 under the Coimbatore South Joint 1 SRO.

Guideline values in Ward 13

In Ward 13, the guideline values range from Rs 2,000 to Rs 4,000 per sq.ft, with the median being Rs 2,600 per sq.ft. Abbai Nagar's 2024 guideline value aligns perfectly with this median.

• Anbagam Street: Rs 2,000 per sq.ft (2024)
• Anbu Street: Rs 2,000 per sq.ft (2024)
• Angammal Layout: Rs 2,000 per sq.ft (2024)
• A.R.G.P.Balagurumoorthy Chettiar Layout: Rs 2,600 per sq.ft (2024)
• Banari amman Kovi Street: Rs 2,000 per sq.ft (2024)
• Bharathi Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Abbai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value amounts to Rs 26,00,000. The stamp duty at 7% would be Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total to Rs 2,34,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abbai Nagar?

Abbai Nagar falls under the jurisdiction of the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 13

The guideline value is crucial during the registration process of property transactions in Ward 13. It helps determine the stamp duty and registration fees that buyers and sellers must pay when completing the sale of a property.

When purchasing property, the buyer must ensure that the sale price is either equal to or higher than the guideline value, as the duty is charged on the higher of the two. This ensures that the government collects appropriate taxes based on the current market standards.

Frequently asked questions

What is the current guideline value of Abbai Nagar?

The current guideline value of Abbai Nagar is Rs 2,600 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 13% from Rs 2,300 per sq.ft in 2023 to Rs 2,600 per sq.ft in 2024.

What is the land classification for Abbai Nagar?

Abbai Nagar is classified as Residential Class I Type - I.

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

The Sub Registrar Office covering Abbai Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How is the stamp duty calculated for property in Abbai Nagar?

Stamp duty is calculated at 7% of 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 stamp duty would be Rs 1,82,000.