Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class I Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 300 per sq.ft. This increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,325 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 342%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as per the 2024 revision. The median guideline value for the village is Rs 1,000 per sq.ft, placing Abirami Nagar's 2024 figure above this median.

• Abbas Garden Extension: Rs 1,000 per sq.ft (2024)
• Abbas Garden: Rs 1,000 per sq.ft (2024)
• Adhithya Avenue: Rs 1,325 per sq.ft (2024)
• Adhithya Avenue EXTENSION: Rs 1,325 per sq.ft (2024)
• Advani Nagar: Rs 1,020 per sq.ft (2024)
• Aiswariam Gardens: Rs 1,015 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 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, totaling Rs 1,19,250. 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 Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, reflecting an overall increase of 342% over the years.

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

For a property valued at Rs 13,25,000, the stamp duty would be Rs 92,750 and the registration fee would be Rs 26,500, totaling Rs 1,19,250.

Which Sub Registrar Office covers the area of Abirami Nagar?

The Vadavalli Sub Registrar Office covers Abirami Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, with Abirami Nagar's value being above this median.