Guideline Value for CHINNIYAGOUNDER STREET

Chinniyagounder Street guideline value

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

How the guideline value of Chinniyagounder Street has changed

The guideline value for Chinniyagounder Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 21 per sq.ft, which increased to Rs 45 per sq.ft in 2007, marking a 114% increase. The value then rose to Rs 150 per sq.ft in 2012, a 233% increase from the previous revision. However, in 2017, the value saw a decrease to Rs 100 per sq.ft, reflecting a drop of 33%. Subsequently, the value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 852%. It is important to note that there is no figure for Chinniyagounder Street in the 2003 revision.

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 the median being Rs 200 per sq.ft. Chinniyagounder Street's value aligns with this median.

• Chinneripalayam Anna Nagar: Rs 200 per sq.ft (2024)
• Cholaraja Street: Rs 200 per sq.ft (2024)
• Chinnasamy Gounder Street: Rs 200 per sq.ft (2024)
• Chinna Negamam Road: 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 Chinniyagounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to 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 calculations.

Which Sub Registrar Office covers Chinniyagounder Street?

The Sub Registrar Office that covers Chinniyagounder 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 additional assistance.

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

The guideline value is a crucial factor when registering property in Periyanegamam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the government records. It provides a standardized value that is used to determine the appropriate taxes and fees, thereby facilitating a transparent process for both parties involved in the sale.

Frequently asked questions

What is the current guideline value of Chinniyagounder Street?

The current guideline value of Chinniyagounder 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 21 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 852% over the years.

What are the stamp duty and registration fees for property in Chinniyagounder Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office covers Chinniyagounder Street?

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

What is the land classification of Chinniyagounder Street?

Chinniyagounder Street is classified as Residential Class I Type - I.