Guideline Value for CHERAN AVENUE PHASE III

Cheran Avenue Phase III guideline value

The current guideline value of Cheran Avenue Phase III is Rs 1,065 per sq.ft, effective from 1 July 2024. It is located in Kalapatty_west village under the Gandhipuram SRO, classified as Residential Class I Type - I.

How the guideline value of Cheran Avenue Phase III has changed

The guideline value for Cheran Avenue Phase III has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 saw the guideline value rise to Rs 1,065 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 99%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 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 1,060 per sq.ft, placing Cheran Avenue Phase III's 2024 value above this median.

• Cheran Garden: Rs 1,055 per sq.ft (2024)
• Cheran Industrial Estate (Kalappatti): Rs 1,055 per sq.ft (2024)
• Chettinadu Bargundy: Rs 1,555 per sq.ft (2024)
• Casa Grande: Rs 1,060 per sq.ft (2024)
• B Vijayalakshmi Avenue: Rs 1,050 per sq.ft (2024)
• Brinda Nagar: Rs 1,040 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 1,065 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. 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 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_west

The guideline value is a crucial factor in property transactions in Kalapatty_west, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately assess the costs associated with registration.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives revenue from property transactions.

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 1,065 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 1,065 per sq.ft in 2024, representing an overall increase of 99%.

What are the other streets with guideline values in Kalapatty_west?

Other streets in Kalapatty_west include Cheran Garden, Cheran Industrial Estate (Kalappatti), Chettinadu Bargundy, Casa Grande, B Vijayalakshmi Avenue, and Brinda Nagar, each with their respective 2024 values ranging from Rs 1,040 to Rs 1,555 per sq.ft.

What fees are associated with buying property in Cheran Avenue Phase III?

When buying property in Cheran Avenue Phase III, buyers should consider the stamp duty at 7% and the registration fee at 2% of the guideline value, which together can add up to significant costs based on the property's size.

Where can I find the Sub Registrar Office for Cheran Avenue Phase III?

The Sub Registrar Office for 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.