Guideline Value for CHERAN AVENUE PHASE III

Cheran Avenue Phase III guideline value

The current guideline value of Cheran Avenue Phase III is Rs 1,010 per sq.ft. This property is located in KALAPATTY_East village, under the Gandhipuram SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Cheran Avenue Phase III has changed

Looking at the revisions, the guideline value for Cheran Avenue Phase III has seen significant changes over the years. In 2017, the guideline value was Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,010 per sq.ft, marking a 1% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 88%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was an increase of 87%, reflecting the growing value of properties in the area.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,055 per sq.ft, placing Cheran Avenue Phase III slightly below this median.

• Cheran Avenue Phase I And II: Rs 1,065 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 III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value amounts to Rs 10,10,000. The stamp duty is charged at 7%, which totals Rs 70,700, and the registration fee at 2% amounts to Rs 20,200. Together, these fees total Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cheran Avenue Phase III?

The Sub Registrar Office that covers Cheran Avenue Phase III is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in KALAPATTY_East. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a reference point for calculating stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Cheran Avenue Phase III?

The current guideline value of Cheran Avenue Phase III is Rs 1,010 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2024, the guideline value has increased by 88%. The value rose from Rs 536 per sq.ft in 2017 to Rs 1,010 per sq.ft in 2024.

What are the registration fees for property in Cheran Avenue Phase III?

The registration fees for property in Cheran Avenue Phase III include a stamp duty of 7% and a registration fee of 2%, based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Cheran Avenue Phase III?

The Gandhipuram Sub Registrar Office is responsible for Cheran Avenue Phase III, located on Kalapatti Road, near Saravanampatti Police Station.

What is the median guideline value for streets in KALAPATTY_East?

The median guideline value for streets in KALAPATTY_East is Rs 1,055 per sq.ft, with Cheran Avenue Phase III being slightly below this figure at Rs 1,010 per sq.ft.