Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Vadavalli village under the Vadavalli SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 322 per sq.ft, which gradually increased to Rs 325 per sq.ft in 2007. Following that, the value surged to Rs 1,000 per sq.ft in 2012, reflecting a remarkable increase of 208% from the previous revision. However, the value decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%.

In 2023, the guideline value rose to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft, a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 242%. The register has no figure for this street in 2002.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft. Abirami Nagar's 2024 figure aligns with this median.

• Abirami Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• Abirami Nagar (ward No. 18): Rs 1,100 per sq.ft (2024)
• Aavishkar Naruvi: Rs 1,003 per sq.ft (2024)
• A.D. Colony (WARD 1): Rs 1,006 per sq.ft (2024)
• AD Colony (Ward No. 14): Rs 1,006 per sq.ft (2024)
• AARK Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 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 Vadavalli

The guideline value is a crucial factor in property transactions in Vadavalli. It is used to determine the stamp duty and registration fees that must be paid during the buying or selling process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property registration.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,100 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 322 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 242% over the years.

What is the land classification for Abirami Nagar?

Abirami Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

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

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

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, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.