Guideline Value for Abirami Garden

Abirami Garden guideline value

The current guideline value of Abirami Garden in Vellalore village, under the Singanallur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - III land classification.

How the guideline value of Abirami Garden has changed

The guideline value for Abirami Garden has seen several revisions over the years. In the 2017 revision, the value was set at Rs 134 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw another increase of 10%, bringing the value to Rs 220 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, indicating that the guideline value for Abirami Garden is below this median.

• Adhideravedar Nattam: Rs 330 per sq.ft (2024)
• Aaanamalai amman kovil street: Rs 275 per sq.ft (2024)
• Alamiyammal Street: Rs 330 per sq.ft (2024)
• Alayam Avenue: Rs 330 per sq.ft (2024)
• Alayam Nest: Rs 330 per sq.ft (2024)
• Alpha Residence Extension: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. 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 Abirami Garden?

The Sub Registrar Office that covers Abirami Garden is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abirami Garden?

The current guideline value of Abirami Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft, which is an overall increase of 64%.

What is the median guideline value in Vellalore?

The median guideline value for streets in Vellalore is Rs 330 per sq.ft, which is higher than the guideline value for Abirami Garden.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

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

The Sub Registrar Office covering Abirami Garden is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find more details by visiting the appropriate link.