Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar in Peedampalli village, under the Singanallur SRO, is Rs 140 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has undergone several revisions over the years. The oldest recorded figure is from 2012, where it was Rs 125 per sq.ft. In 2017, the value decreased to Rs 84 per sq.ft, marking a -33% change. The 2023 revision saw a significant increase to Rs 126 per sq.ft, which was a 50% rise from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 140 per sq.ft, reflecting an 11% increase from 2023.

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 12%.

Guideline values in Peedampalli

In Peedampalli village, there are 156 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft. The median value for these streets is Rs 165 per sq.ft, indicating that the guideline value for Abirami Nagar is below this median.

• Abi Gardens: Rs 165 per sq.ft (2024)
• Aadithya Nagar: Rs 330 per sq.ft (2024)
• Adithya Gardens: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Amman Sakthi Nagar: Rs 220 per sq.ft (2024)
• Annai Ganga Nair Township 1 to 4: Rs 165 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 140 per sq.ft, the total guideline value amounts to Rs 1,40,000. The stamp duty at 7% would be Rs 9,800, and the registration fee at 2% would be Rs 2,800, resulting in a total of Rs 12,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Peedampalli. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate taxes on property sales. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 140 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 140 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in 2023 and 2024.

What is the land classification of Abirami Nagar?

Abirami Nagar is classified as Residential Class II Type - II, which indicates its designation for residential purposes.

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

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the stamp duty calculated for properties in Abirami Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,40,000, the stamp duty would be Rs 9,800 at a rate of 7%.