Guideline Value for ARUMUGAM PILLAI STREET

Arumugam Pillai Street guideline value

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

How the guideline value of Arumugam Pillai Street has changed

The guideline value for Arumugam Pillai Street has seen several revisions over the years. In 2002, the value was Rs 28 per sq.ft, which increased to Rs 45 per sq.ft in 2007. The 2012 revision set the value at Rs 150 per sq.ft, followed by Rs 100 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both maintain the value at Rs 200 per sq.ft. Notably, there is no figure available for the year 2003.

From 2017 to 2023, the guideline value increased by 100%, while the change from 2012 to 2017 was a decrease of 33%. The value rose significantly from 2007 to 2012 by 233%, and from 2002 to 2007 by 61%. Overall, from 2002 to 2024, the guideline value has increased by 614%.

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. Arumugam Pillai Street's 2024 figure aligns with this median.

• Arumugam Nagar: Rs 200 per sq.ft (2024)
• Arumugam Chettiar 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 Pillai Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Arumugam Pillai Street?

The Sub Registrar Office covering Arumugam Pillai 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyanegamam. 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 registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arumugam Pillai Street?

The current guideline value of Arumugam Pillai 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 28 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, marking an overall increase of 614% over the years.

What is the role of the Negamam SRO?

The Negamam SRO is responsible for the registration of property transactions in the area, including Arumugam Pillai Street, and oversees the collection of stamp duty and registration fees.

What are the stamp duty rates applicable in Periyanegamam?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same amount.

How can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.