Guideline Value for CHINNASAMY GOUNDER STREET

Chinnasamy Gounder Street guideline value

The current guideline value of Chinnasamy Gounder 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 Chinnasamy Gounder Street has changed

The guideline value register for Chinnasamy Gounder Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 200 per sq.ft.

As there have been no changes between the revisions, the current guideline value remains at Rs 200 per sq.ft, consistent with the figures for other streets in the area.

Guideline values in Periyanegamam

In Periyanegamam, there are 91 streets under the Negamam SRO with a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft. The median value is Rs 200 per sq.ft, placing Chinnasamy Gounder Street at this median level.

• Chinna Negamam Road: 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 Chinnasamy 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 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 more detailed calculations.

Which Sub Registrar Office covers Chinnasamy Gounder Street?

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

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements during the transaction process.

When registering a property, the guideline value serves as a benchmark for calculating taxes, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnasamy Gounder Street?

The current guideline value of Chinnasamy 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 register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 200 per sq.ft.

What is the classification of Chinnasamy Gounder Street?

Chinnasamy Gounder Street is classified as Residential Class I Type - I under the Negamam SRO.

Where can I find the Negamam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Chinnasamy Gounder Street?

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