Guideline Value for CHINNA NEGAMAM ROAD

Chinna Negamam Road guideline value

The current guideline value of Chinna Negamam Road is Rs 200 per sq.ft, effective from 1 July 2024. This road is located in Periyanegamam village, under the Negamam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Chinna Negamam Road has changed

Looking at the historical revisions, the guideline value for Chinna Negamam Road has seen several changes. The 2012 revision set the value at Rs 150 per sq.ft, which was then revised to Rs 100 per sq.ft in 2017. Following this, the value increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 100%. The overall change from 2012 to 2024 is an increase of 33%. The guideline value has remained stable at Rs 200 per sq.ft from 2023 to 2024, reflecting no percentage change.

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. Chinna Negamam Road's 2024 figure aligns with this median.

• Chinnasamy Gounder Street: Rs 200 per sq.ft (2024)
• Chinneripalayam Anna Nagar: Rs 200 per sq.ft (2024)
• Chinniyagounder Street: Rs 200 per sq.ft (2024)
• Cholaraja Street: Rs 200 per sq.ft (2024)
• Dasu Kutti Chettiar Lane: Rs 200 per sq.ft (2024)
• Dhali Road Mahalakshmi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Negamam Road

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, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Negamam Road?

The Sub Registrar Office that covers Chinna Negamam Road 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 critical 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 must 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 values 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 Chinna Negamam Road?

The current guideline value of Chinna Negamam Road 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 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification for Chinna Negamam Road?

The land classification for Chinna Negamam Road is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Where can I find the Sub Registrar Office for Chinna Negamam Road?

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