Guideline Value for ANDIGOUNDER STREET

Andigounder Street guideline value

The current guideline value of Andigounder Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Periyanegamam village, under the Negamam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Andigounder Street has changed

The guideline value for Andigounder Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 45 per sq.ft. This increased significantly to Rs 150 per sq.ft in 2012, marking a 233% rise. However, it saw a decrease to Rs 100 per sq.ft in 2017, which is a reduction of 33%. The value then doubled to Rs 200 per sq.ft in 2023, and it remained the same in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Periyanegamam

In Periyanegamam, there are 91 streets under the Negamam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Andigounder Street aligns with this median.

• Anguli Chettiar Lane: Rs 200 per sq.ft (2024)
• Anna Nagar: Rs 200 per sq.ft (2024)
• Anna Nagar R.I. Office Backside: Rs 200 per sq.ft (2024)
• Arumugam Chettiar Street: Rs 200 per sq.ft (2024)
• Arumugam Nagar: Rs 200 per sq.ft (2024)
• Arumugam Pillai Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Andigounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andigounder Street?

The Sub Registrar Office that covers Andigounder Street is the Negamam Sub Registrar Office, located at No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when buying or selling property in Periyanegamam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction. 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 Andigounder Street?

The current guideline value of Andigounder Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting a total increase of 344% over this period.

What are the other streets in Periyanegamam with the same guideline value?

Other streets in Periyanegamam with a guideline value of Rs 200 per sq.ft include Anguli Chettiar Lane, Anna Nagar, Anna Nagar R.I. Office Backside, Arumugam Chettiar Street, Arumugam Nagar, and Arumugam Pillai Street.

Where can I find the Sub Registrar Office for Andigounder Street?

The Sub Registrar Office for Andigounder Street is located at Negamam Sub Registrar Office, No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone.

How is the stamp duty calculated for properties in Andigounder Street?

Stamp duty for properties in Andigounder Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at a rate of 7%.