Guideline Value for CHOLARAJA STREET

Cholaraja Street guideline value

The current guideline value of Cholaraja 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 Cholaraja Street has changed

The guideline value for Cholaraja Street has undergone several revisions over the years. In 2007, the value was Rs 45 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, it saw a significant decrease of 33% to Rs 100 per sq.ft in 2017. The value then doubled to Rs 200 per sq.ft in 2023, remaining unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 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, with the median value being Rs 200 per sq.ft. Cholaraja Street's 2024 figure matches this median.

• Chinniyagounder Street: Rs 200 per sq.ft (2024)
• Chinneripalayam Anna Nagar: 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 Cholaraja Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholaraja Street?

The Sub Registrar Office that covers Cholaraja 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 information.

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

The guideline value is a crucial 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 need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cholaraja Street?

The current guideline value of Cholaraja 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 45 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 344% over the years.

What is the land classification for Cholaraja Street?

Cholaraja Street is classified as Residential Class I Type - I according to the land classification guidelines.

Where can I find the registration office for Cholaraja Street?

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

How is stamp duty calculated for properties in Cholaraja Street?

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