Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Puliakulam village under the Peelamedu SRO, is Rs 1,210 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. However, the value saw a significant increase in the following years, rising to Rs 1,100 per sq.ft in 2023 and further to Rs 1,210 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Notably, the overall change from the 2012 revision to the 2024 revision shows a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puliakulam

In Puliakulam, there are 17 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,210 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the current guideline value of Abirami Nagar.

• Alwin Nagar: Rs 1,210 per sq.ft (2024)
• Byepass Road: Rs 1,210 per sq.ft (2024)
• Indira Nagar: Rs 1,210 per sq.ft (2024)
• K.K.Nagar: Rs 1,210 per sq.ft (2024)
• N.S.Garden: Rs 1,000 per sq.ft (2024)
• Pari Nagar: Rs 1,210 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total cost for these fees to Rs 1,08,900. 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?

The Sub Registrar Office that covers Abirami Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puliakulam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, which is a 10% increase. It was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012.

What are the other streets in Puliakulam with guideline values?

Other streets in Puliakulam include Alwin Nagar, Byepass Road, Indira Nagar, K.K.Nagar, N.S.Garden, and Pari Nagar, with values ranging from Rs 1,000 to Rs 1,210 per sq.ft.

What is the stamp duty for property in Abirami Nagar?

The stamp duty for property in Abirami Nagar is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 84,700.

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

The Peelamedu Sub Registrar Office covers Abirami Nagar and is located at 6/1, Grd Road, Redfields, Coimbatore - 18.