Guideline Value for CHERAN GARDEN

Cheran Garden guideline value

The current guideline value of Cheran Garden, located in Kalapatty_west village under the Gandhipuram SRO, is Rs 1,055 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Cheran Garden has changed

The guideline value for Cheran Garden has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a change of 149%. The most recent revision in 2024 saw the guideline value rise to Rs 1,055 per sq.ft, reflecting an increase of 6% from the previous year.

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

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a guideline value for 2024, ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value in this area is Rs 1,060 per sq.ft, placing Cheran Garden's 2024 figure slightly below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, while the registration fee at 2% would be Rs 21,100, bringing the total cost for these fees to 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 detailed calculations.

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_west

The guideline value is a crucial factor in property transactions within Kalapatty_west. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

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

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 other streets with guideline values in Kalapatty_west?

Other streets in Kalapatty_west include Cheran Industrial Estate (Kalappatti) at Rs 1,055 per sq.ft, Cheran Avenue Phase III at Rs 1,065 per sq.ft, and Chettinadu Bargundy at Rs 1,555 per sq.ft, among others.

What is the stamp duty rate for properties in Cheran Garden?

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

Which office handles property registration in Cheran Garden?

The Gandhipuram Sub Registrar Office handles property registration for Cheran Garden, located on Kalapatti Road near Saravanampatti Police Station.