Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Ramanathapuram village under the Peelamedu SRO, classified as Residential Class II 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 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

Between the revisions, the change from 2017 to 2023 was a significant 49% increase. Overall, from 2012 to 2024, the guideline value has increased by 13%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value among these streets is Rs 1,700 per sq.ft, which is equal to the guideline value of Abirami Nagar.

• Agamudaiyar Lane: Rs 1,005 per sq.ft (2024)
• Anandam Nagar: Rs 1,010 per sq.ft (2024)
• Angannan Site: Rs 1,025 per sq.ft (2024)
• Angannan Thevar Layout: Rs 1,025 per sq.ft (2024)
• Annai Sathya Housing Society Layout (Or) Nagar: Rs 1,005 per sq.ft (2024)
• Annamadam Lane: Rs 1,000 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 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Ramanathapuram. It determines the minimum value at which properties 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 will be referenced to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the median guideline value in Ramanathapuram?

The median guideline value for streets in Ramanathapuram is Rs 1,700 per sq.ft, which is the same as the current guideline value for Abirami Nagar.

What are the stamp duty and registration fees for a property in Abirami Nagar?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles property registrations in Abirami Nagar?

The Peelamedu Sub Registrar Office handles property registrations in Abirami Nagar, located at 6/1, Grd Road, Redfields, Coimbatore - 18.