Guideline Value for Abbas Garden Extension

Abbas Garden Extension guideline value

The current guideline value of Abbas Garden Extension is Rs 1,000 per sq.ft. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Abbas Garden Extension has changed

The guideline value for Abbas Garden Extension has undergone several revisions over the years. The most recent revision was in 2024, where the value is set at Rs 1,000 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 536 per sq.ft, and in 2012, it was Rs 800 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 87% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current value of Abbas Garden Extension.

• Abbas Garden: Rs 1,000 per sq.ft (2024)
• Abirami Nagar: Rs 1,325 per sq.ft (2024)
• Adhithya Avenue: Rs 1,325 per sq.ft (2024)
• Adhithya Avenue EXTENSION: Rs 1,325 per sq.ft (2024)
• Advani Nagar: Rs 1,020 per sq.ft (2024)
• Aiswariam Gardens: Rs 1,015 per sq.ft (2024)

Stamp duty and registration fee for property in Abbas Garden Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Abbas Garden Extension?

The Abbas Garden Extension falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial metric used during the registration of properties in Kavundampalayam. It establishes the minimum value at which a property can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the value of the property as determined by the local authorities. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Abbas Garden Extension?

The current guideline value of Abbas Garden Extension is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,000 per sq.ft in 2024. It was Rs 800 per sq.ft in 2012, increased to Rs 536 per sq.ft in 2017, and remained the same in 2023.

What are the stamp duty and registration fees for properties in Abbas Garden Extension?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office should I visit for property transactions in Abbas Garden Extension?

The Vadavalli Sub Registrar Office covers Abbas Garden Extension, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification for Abbas Garden Extension?

Abbas Garden Extension is classified as Residential Class I Type - II, which indicates its suitability for residential development.