Guideline Value for AVANAIYA CHETTIAR LANE

Avanaiya Chettiar Lane guideline value

The current guideline value of Avanaiya Chettiar Lane 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 Avanaiya Chettiar Lane has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 28 per sq.ft, which increased to Rs 45 per sq.ft in 2007, marking a rise of 61%. The value then jumped to Rs 150 per sq.ft in 2012, reflecting a substantial increase of 233%. However, between 2012 and 2017, the value decreased to Rs 100 per sq.ft, a drop of 33%. The 2017 revision set the value at Rs 100 per sq.ft, which doubled to Rs 200 per sq.ft in the 2023 revision and has remained the same in the 2024 revision.

The register has no figure for this street in 2003. Overall, from 2002 to 2024, the guideline value has increased by 614%.

Guideline values in Periyanegamam

In Periyanegamam, a total of 91 streets fall under the Negamam SRO, with 2024 guideline values ranging from Rs 200 to Rs 300 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, which aligns with the value for Avanaiya Chettiar Lane.

• Ayie Gounder Street: Rs 200 per sq.ft (2024)
• Ayyasamy Kovil Street: Rs 200 per sq.ft (2024)
• Arumugam Pillai Street: Rs 200 per sq.ft (2024)
• Arumugam Nagar: Rs 200 per sq.ft (2024)
• Arumugam Chettiar Street: Rs 200 per sq.ft (2024)
• Bajanai Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Avanaiya Chettiar Lane

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% amounts to Rs 14,000, and the registration fee at 2% is Rs 4,000, making the total 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 details.

Which Sub Registrar Office covers Avanaiya Chettiar Lane?

The Sub Registrar Office covering Avanaiya Chettiar Lane 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 plays a crucial role in the registration of property transactions in Periyanegamam. It determines the minimum value at which a property can be registered, ensuring that all transactions are documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these costs can significantly affect the overall expense of purchasing property.

Frequently asked questions

What is the current guideline value of Avanaiya Chettiar Lane?

The current guideline value of Avanaiya Chettiar Lane 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 several times, starting from Rs 28 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, marking an overall increase of 614% over this period.

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

Other streets in Periyanegamam with the same guideline value of Rs 200 per sq.ft include Ayie Gounder Street, Ayyasamy Kovil Street, Arumugam Pillai Street, Arumugam Nagar, Arumugam Chettiar Street, and Bajanai Kovil Street.

What is the stamp duty rate for property in Avanaiya Chettiar Lane?

The stamp duty rate for property in Avanaiya Chettiar Lane is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Avanaiya Chettiar Lane?

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