Guideline Value for CHERAN ANNEX

Cheran Annex guideline value

The current guideline value of Cheran Annex is Rs 1,002 per sq.ft, effective from 1 July 2024. This property is located in Villankuruchicorpration village under the Ganapathy SRO and is classified as Residential Class I Type - III.

How the guideline value of Cheran Annex has changed

The guideline value for Cheran Annex has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 125 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, followed by a decrease to Rs 502 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023 and is now set at Rs 1,002 per sq.ft in the 2024 revision.

Notably, there are no figures available for the years 2002 and 2003 for this street. The changes between the revisions show a notable increase of 99% from 2017 to 2023, while the overall increase from 2007 to 2024 stands at 702%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Cheran Annex's 2024 figure slightly below this median.

• Chettiar Thaneer Pandhal, Vengadasamy Nagar: Rs 1,120 per sq.ft (2024)
• Chettiarthanneerpanthl: Rs 1,670 per sq.ft (2024)
• Charkarai Chettiar Street: Rs 1,120 per sq.ft (2024)
• Casa Grande (385/2): Rs 1,670 per sq.ft (2024)
• Capeneem Lands Extn: Rs 1,120 per sq.ft (2024)
• Dashkantveethi: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total cost to Rs 90,180. 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 Cheran Annex?

The Sub Registrar Office that covers Cheran Annex is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Villankuruchicorpration. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is registered, the guideline value is assessed, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cheran Annex?

The current guideline value of Cheran Annex is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, showing an overall increase of 702% over the years.

What are the other guideline values in Villankuruchicorpration?

In Villankuruchicorpration, the guideline values range from Rs 1,002 to Rs 5,600 per sq.ft, with a median value of Rs 1,003 per sq.ft.

What is the stamp duty rate for properties in Cheran Annex?

The stamp duty rate for properties in Cheran Annex is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Cheran Annex?

The Ganapathy Sub Registrar Office covers Cheran Annex and is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.