Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Kuniyamuthur village, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,200 per sq.ft, which is an increase of 9% from the 2023 revision of Rs 1,100 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for Abirami Nagar was Rs 1,100 per sq.ft. The absence of figures for earlier years indicates that the values for those periods were not recorded in the register.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,550 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Abirami Nagar's 2024 figure above this median.

• Abdulkalam Street: Rs 1,003 per sq.ft (2024)
• Aathi Sakthi Nagar: Rs 1,005 per sq.ft (2024)
• AandiGounder Street: Rs 1,003 per sq.ft (2024)
• Aditya Garden: Rs 1,001 per sq.ft (2024)
• A.K.J.Colony: Rs 1,003 per sq.ft (2024)
• Akshaya Garden: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is 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 Kuniyamuthur

The guideline value plays a crucial role during property registration in Kuniyamuthur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 1,100 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, marking a 9% increase.

What is the median guideline value in Kuniyamuthur?

The median guideline value for streets in Kuniyamuthur is Rs 1,003 per sq.ft, with Abirami Nagar's value being above this median.

What are the stamp duty rates for property in Abirami Nagar?

The stamp duty for property in Abirami Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

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

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