Guideline Value for CHERAN AVENUE

Cheran Avenue guideline value

The current guideline value of Cheran Avenue in Vellanaipatty village is Rs 895 per sq.ft, effective from 1 July 2024. This street falls under the Ganapathy SRO and is classified as Residential Special Type - I.

How the guideline value of Cheran Avenue has changed

In the 2017 revision, the guideline value for Cheran Avenue was Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased significantly to Rs 895 per sq.ft, marking a 67% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. 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 Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value in the village is Rs 335 per sq.ft, placing Cheran Avenue's 2024 figure above this median.

• Coral Residency: Rs 1,005 per sq.ft (2024)
• Coral Residency Phase II: Rs 1,005 per sq.ft (2024)
• Coral Residency Phase III: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase IV: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase V: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase VI: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 895 per sq.ft, the total guideline value would be Rs 8,95,000. The stamp duty at 7% would amount to Rs 62,650, and the registration fee at 2% would be Rs 17,900, totaling Rs 80,550. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Cheran Avenue?

The Sub Registrar Office that covers Cheran Avenue 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 Vellanaipatty

The guideline value is a crucial factor during the registration of property transactions in Vellanaipatty. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property dealings, as the guideline value reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Cheran Avenue?

The current guideline value of Cheran Avenue is Rs 895 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 67%, from Rs 536 per sq.ft to Rs 895 per sq.ft.

What is the land classification for Cheran Avenue?

Cheran Avenue is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Cheran Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 8,95,000, the stamp duty at 7% would be Rs 62,650.