Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 310 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village, under the Periyanayakkan Palayam SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has undergone several revisions over the years. In 2012, the value was Rs 280 per sq.ft, which decreased to Rs 188 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 281 per sq.ft. The most recent revision in 2024 saw a further increase to Rs 310 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with the 2024 guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median value for these streets is Rs 310 per sq.ft, which is equal to the guideline value of Abirami Nagar.

• Ajantha Nagar: Rs 310 per sq.ft (2024)
• Akkaiyanaidu Veedhi: Rs 260 per sq.ft (2024)
• Akkaiyanaidu Veedhi East: Rs 260 per sq.ft (2024)
• A.K.S. Nagar: Rs 260 per sq.ft (2024)
• Ambethkar Veedhi Thottasalai: Rs 380 per sq.ft (2024)
• Amman Nagar: Rs 220 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 310 per sq.ft, the total guideline value would be Rs 3,10,000. The stamp duty at 7% would amount to Rs 21,700, and the registration fee at 2% would be Rs 6,200, bringing the total cost for these fees to Rs 27,900. 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 Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring 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 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 280 per sq.ft in 2012 to Rs 188 per sq.ft in 2017, then to Rs 281 per sq.ft in 2023, and finally to Rs 310 per sq.ft in 2024.

What are the other streets in Narasimmanaickenpalayam?

Other streets in Narasimmanaickenpalayam include Ajantha Nagar, Akkaiyanaidu Veedhi, Akkaiyanaidu Veedhi East, A.K.S. Nagar, Ambethkar Veedhi Thottasalai, and Amman Nagar, with varying guideline values.

What is the registration fee for property in Abirami Nagar?

The registration fee for property in Abirami Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the registration fee would be Rs 6,200 at the current guideline value.

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

The Sub Registrar Office for Abirami Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.