Guideline Value for AYIE GOUNDER STREET

Ayie Gounder Street guideline value

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

How the guideline value of Ayie Gounder Street has changed

Over the years, the guideline value of Ayie Gounder Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 45 per sq.ft. This increased to Rs 150 per sq.ft in 2012, followed by a decrease to Rs 100 per sq.ft in 2017. The value then remained at Rs 200 per sq.ft during the 2023 revision, and continues at this rate for the 2024 revision, marking a 0% change from the previous year. It is important to note that the register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 100%. The jump from 2007 to 2012 saw an increase of 233%, while the overall increase from 2007 to 2024 stands at 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. The median value is Rs 200 per sq.ft, which aligns with the current guideline value of Ayie Gounder Street.

• Ayyasamy Kovil Street: Rs 200 per sq.ft (2024)
• Avanaiya Chettiar Lane: Rs 200 per sq.ft (2024)
• Bajanai 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)

Stamp duty and registration fee for property in Ayie Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayie Gounder Street?

The Sub Registrar Office that covers Ayie Gounder 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

When buying or selling property in Periyanegamam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating these fees, ensuring that they are consistent and transparent.

At the time of registration, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps in maintaining a fair valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Ayie Gounder Street?

The current guideline value of Ayie Gounder 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 increased from Rs 45 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 344%.

What is the land classification of Ayie Gounder Street?

Ayie Gounder Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ayie Gounder Street?

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

How is stamp duty calculated for properties in Periyanegamam?

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