Guideline Value for CHERAN AVENUE PHASE I AND II

Cheran Avenue Phase I And II guideline value

The current guideline value for Cheran Avenue Phase I And II is Rs 1,065 per sq.ft. This property is located in KALAPATTY_East village, under the Gandhipuram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Cheran Avenue Phase I And II has changed

The guideline value for Cheran Avenue Phase I And II has seen several revisions over the years. The 2023 revision set the value at Rs 1,000 per sq.ft, while the most recent 2024 revision increased it to Rs 1,065 per sq.ft, reflecting a change of +7%. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 1,000 per sq.ft in 2023 to Rs 1,065 per sq.ft in 2024. The previous revisions do not provide any figures for this street, indicating a lack of recorded changes in those years.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,055 per sq.ft, positioning Cheran Avenue Phase I And II's current value above this median.

• Cheran Avenue Phase III: Rs 1,010 per sq.ft (2024)
• Cheran Garden: Rs 1,055 per sq.ft (2024)
• Cheran Industrial Estate (Kalappatti): Rs 1,055 per sq.ft (2024)
• Cheran Nagar Phase IV: Rs 1,065 per sq.ft (2024)
• B Vijayalakshmi Avenue: Rs 1,045 per sq.ft (2024)
• Brinda Nagar: Rs 1,035 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Avenue Phase I And II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value amounts to Rs 10,65,000. The stamp duty at 7% would be Rs 74,550, and the registration fee at 2% would be Rs 21,300, bringing the total fees to Rs 95,850. 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 information.

Which Sub Registrar Office covers Cheran Avenue Phase I And II?

The Cheran Avenue Phase I And II is covered by the Gandhipuram Sub Registrar Office. The address is Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in KALAPATTY_East. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can also influence the selling price, as it provides a benchmark for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to facilitate a fair transaction.

Frequently asked questions

What is the current guideline value of Cheran Avenue Phase I And II?

The current guideline value of Cheran Avenue Phase I And II is Rs 1,065 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2023 to Rs 1,065 per sq.ft in 2024, marking an increase of +7%. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in KALAPATTY_East?

The median guideline value for the 358 streets in KALAPATTY_East is Rs 1,055 per sq.ft. Cheran Avenue Phase I And II's current value is above this median.

What are the stamp duty and registration fees for property in Cheran Avenue Phase I And II?

For a 1,000 sq.ft plot at the current guideline value, the total fees amount to Rs 95,850, which includes a stamp duty of Rs 74,550 and a registration fee of Rs 21,300.

Which office handles the registration for Cheran Avenue Phase I And II?

The registration for Cheran Avenue Phase I And II is handled by the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.