Guideline Value

Corporate

Guideline Value for CHERAN EMPLOYEES GARDEN

₹712/sq.ft.

The guideline value for Cheran Employees Garden in Nallur village (Nallur_tiruppur SRO, Coimbatore zone) is Rs 712 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 2% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Nallur

Village

Nallur_Tiruppur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹712 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹218 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹325 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Rnear Hotel Riverview Nagapattinam 611002
0421-2374571
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Cheran Employees Garden

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Cheran Employees Garden guideline value

The current guideline value of Cheran Employees Garden is Rs 712 per sq.ft, effective from 1 July 2024. This property is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Cheran Employees Garden has changed

The guideline value for Cheran Employees Garden has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 325 per sq.ft. This increased to Rs 218 per sq.ft in 2017, followed by a significant rise to Rs 700 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 712 per sq.ft, marking a 2% increase from the previous year.

Between the 2012 and 2017 revisions, there was a decrease of 33%. However, from 2017 to 2023, the guideline value surged by 221%. Overall, from 2012 to 2024, the value has increased by 119%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, making the 2024 figure for Cheran Employees Garden below this median.

Stamp duty and registration fee for property in Cheran Employees Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 712 per sq.ft, the total guideline value amounts to Rs 7,12,000. The stamp duty at 7% would be Rs 49,840, and the registration fee at 2% would be Rs 14,240, bringing the total cost for these fees to Rs 64,080. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cheran Employees Garden?

The Cheran Employees Garden is covered by the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for completing the legal transfer of property ownership and must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Cheran Employees Garden?

The current guideline value of Cheran Employees Garden is Rs 712 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2012 to Rs 712 per sq.ft in 2024, with significant fluctuations in between, including a rise of 221% from 2017 to 2023.

What is the registration office for Cheran Employees Garden?

The registration office for Cheran Employees Garden is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 64,080.

What are the other streets in Nallur with their guideline values?

Other streets in Nallur include Cheran Nagar at Rs 913 per sq.ft, Chennimalaipalayam Nattham at Rs 708 per sq.ft, and others with varying values. The values range from Rs 700 to Rs 1,764 per sq.ft in the village.