Guideline Value for ARUMUGAM CHETTIAR STREET

Arumugam Chettiar Street guideline value

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

How the guideline value of Arumugam Chettiar Street has changed

Since the 2002 revision, the guideline value for Arumugam Chettiar Street has seen significant changes. In 2002, the value was Rs 27 per sq.ft, which rose to Rs 45 per sq.ft in 2007, marking an increase of 67%. The value then increased to Rs 150 per sq.ft in 2012, a rise of 233%. Following that, it decreased to Rs 100 per sq.ft in 2017, a drop of 33%. The value remained at Rs 200 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by 641%. The register has no figure for the year 2003 for this street.

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 of Rs 200 per sq.ft. Arumugam Chettiar Street's 2024 figure aligns with this median.

• Arumugam Nagar: Rs 200 per sq.ft (2024)
• Arumugam Pillai Street: Rs 200 per sq.ft (2024)
• Avanaiya Chettiar Lane: Rs 200 per sq.ft (2024)
• Ayie Gounder Street: Rs 200 per sq.ft (2024)
• Anna Nagar R.I. Office Backside: Rs 200 per sq.ft (2024)
• Ayyasamy Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Chettiar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arumugam Chettiar Street?

The Sub Registrar Office that covers Arumugam Chettiar 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 more details.

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

The guideline value is a crucial factor in property transactions in Periyanegamam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with legal requirements during the registration process. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Arumugam Chettiar Street?

The current guideline value of Arumugam Chettiar 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 27 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting a significant increase of 641% over the years.

What is the land classification for Arumugam Chettiar Street?

Arumugam Chettiar Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It serves as the minimum value for registration and is updated periodically to reflect changes in the market.