Guideline Value for Abbas Garden

Abbas Garden guideline value

The current guideline value of Abbas Garden, located in Kavundampalayam village, is Rs 1,000 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Abbas Garden has changed

The guideline value for Abbas Garden has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, from 2012 to 2017, there was a significant decrease of 33%, bringing the value down to Rs 536 per sq.ft. The value then rose to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, marking an overall increase of 87% from 2017 to 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 400% in the guideline value.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Abbas Garden is equal to this median.

• Abbas Garden Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abbas Garden?

The Sub Registrar Office that covers Abbas Garden is 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 plays a crucial role when buying or selling property in Kavundampalayam. It is the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When a buyer approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This value helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Abbas Garden?

The current guideline value of Abbas Garden 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 changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 400% over this period.

Where can I find the registration office for Abbas Garden?

The registration office for Abbas Garden is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the stamp duty rate for property in Abbas Garden?

The stamp duty rate for property in Abbas Garden is 7% of the guideline value or sale price, whichever is higher.

How many streets in Kavundampalayam have a guideline value?

There are 565 streets in Kavundampalayam that carry a guideline value, with the values ranging from Rs 1,000 to Rs 4,405 per sq.ft as per the 2024 revision.