Guideline Value for Abirami Nagar (Ward No.1)

Abirami Nagar (Ward No.1) guideline value

The current guideline value of Abirami Nagar (Ward No.1) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village and falls under the Vadavalli SRO, classified as Residential Class I Type - I.

How the guideline value of Abirami Nagar (Ward No.1) has changed

The guideline value for Abirami Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows an increase of 10%. The guideline value rose significantly by 49% from 2017 to 2023, and the recent increase from 2023 to 2024 reflects a 10% rise. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Abirami Nagar (Ward No.1).

• Abirami Nagar (ward No. 18): Rs 1,100 per sq.ft (2024)
• Abirami Nagar: Rs 1,100 per sq.ft (2024)
• A.D. Colony (WARD 1): Rs 1,006 per sq.ft (2024)
• AD Colony (Ward No. 14): Rs 1,006 per sq.ft (2024)
• Aavishkar Naruvi: Rs 1,003 per sq.ft (2024)
• AARK Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar (Ward No.1)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Nagar (Ward No.1)?

The Sub Registrar Office that covers Abirami Nagar (Ward No.1) 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 Vadavalli

The guideline value is a critical factor during property registration in Vadavalli. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. If the sale price is lower than the guideline value, the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value for Abirami Nagar (Ward No.1)?

The current guideline value for Abirami Nagar (Ward No.1) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the stamp duty rate in Abirami Nagar (Ward No.1)?

The stamp duty rate in Abirami Nagar (Ward No.1) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Abirami Nagar (Ward No.1)?

The Sub Registrar Office for Abirami Nagar (Ward No.1) is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the median guideline value for streets in Vadavalli?

The median guideline value for streets in Vadavalli is Rs 1,100 per sq.ft, which is the same as the current guideline value for Abirami Nagar (Ward No.1).