Guideline Value for CHERAN GARDEN

Cheran Garden guideline value

The current guideline value of Cheran Garden in KALAPATTY_East village is Rs 1,055 per sq.ft, effective from 1 July 2024. This property falls under the Gandhipuram SRO and is classified as Residential Class I Type - III.

How the guideline value of Cheran Garden has changed

The guideline value for Cheran Garden has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 402 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 149% rise. The most recent 2024 revision has set the value at Rs 1,055 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 162%. It is important to note that there are no figures available for this street in the 2002, 2003, 2007, and 2012 revisions.

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 guideline value for these streets is Rs 1,055 per sq.ft, making Cheran Garden's 2024 figure equal to this median.

• Cheran Industrial Estate (Kalappatti): Rs 1,055 per sq.ft (2024)
• Cheran Avenue Phase III: Rs 1,010 per sq.ft (2024)
• Cheran Avenue Phase I And II: Rs 1,065 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 Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, and the registration fee at 2% would be Rs 21,100, resulting in a total cost of Rs 94,950. It is important to note that the 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 Garden?

Cheran Garden is covered by 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 in the registration process when buying or selling property in KALAPATTY_East. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Cheran Garden?

The current guideline value of Cheran Garden is Rs 1,055 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 402 per sq.ft to Rs 1,055 per sq.ft in 2024, marking an overall increase of 162%.

What are the stamp duty rates for properties in Cheran Garden?

The stamp duty for properties in Cheran Garden is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cheran Garden?

The Sub Registrar Office covering Cheran Garden is the Gandhipuram SRO, located on Kalapatti Road, near Saravanampatti Police Station.

What is the median guideline value in KALAPATTY_East?

The median guideline value in KALAPATTY_East is Rs 1,055 per sq.ft, which is also the current guideline value for Cheran Garden.