Guideline Value for CHERAN AVENUE

Cheran Avenue guideline value

The current guideline value of Cheran Avenue in Andipalayam village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - II.

How the guideline value of Cheran Avenue has changed

Starting with the 2012 revision, the guideline value was set at Rs 275 per sq.ft. This increased to Rs 184 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting a significant increase of 280%. The 2023 revision maintained this value, and the 2024 revision also holds steady at Rs 700 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Cheran Avenue. Overall, from 2012 to 2024, the guideline value has increased by 155%.

Guideline values in Andipalayam

In Andipalayam, there are 66 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft. The median value for these streets is Rs 701 per sq.ft, placing Cheran Avenue's 2024 figure below this median.

• Chinnandipalayam: Rs 700 per sq.ft (2024)
• Brindhavan Avenue: Rs 701 per sq.ft (2024)
• Chinniya Goundenpudur: Rs 700 per sq.ft (2024)
• Chinthamani Nagar: Rs 700 per sq.ft (2024)
• Classic Avenue: Rs 700 per sq.ft (2024)
• C.P.Avenue: Rs 704 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Avenue

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cheran Avenue?

The Sub Registrar Office that covers Cheran Avenue is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Andipalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Cheran Avenue?

The current guideline value of Cheran Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 275 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, marking an overall increase of 155% over this period.

What is the median guideline value in Andipalayam?

The median guideline value for streets in Andipalayam is Rs 701 per sq.ft, with Cheran Avenue's value being slightly below this median.

What are the stamp duty and registration fees for property in Cheran Avenue?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Cheran Avenue?

The Tiruppur Joint I Sub Registrar Office handles property registrations for Cheran Avenue, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.