Guideline Value for CHERAN NAGAR PHASE IV

Cheran Nagar Phase IV guideline value

The current guideline value of Cheran Nagar Phase IV is Rs 1,065 per sq.ft, effective from 1 July 2024. This property is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Residential Class I Type - I.

How the guideline value of Cheran Nagar Phase IV has changed

The guideline value for Cheran Nagar Phase IV has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 1,000 per sq.ft from the 2023 revision and Rs 1,065 per sq.ft from the 2024 revision, reflecting an increase of 7% between these two years.

In summary, the 2023 revision set the guideline value at Rs 1,000 per sq.ft, which was then revised to Rs 1,065 per sq.ft in 2024. This change indicates a positive adjustment in the guideline value for this area.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO, with 2024 guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for the area is Rs 1,055 per sq.ft, placing Cheran Nagar Phase IV's 2024 figure above this median.

• Cheran Industrial Estate (Kalappatti): Rs 1,055 per sq.ft (2024)
• Cheran Garden: 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)
• B Vijayalakshmi Avenue: Rs 1,045 per sq.ft (2024)
• Chitra -Kalappatti Road: Rs 1,560 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Nagar Phase IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value amounts to Rs 10,65,000. The stamp duty at 7% would be Rs 74,550, and the registration fee at 2% would be Rs 21,300, totaling Rs 95,850. 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 Nagar Phase IV?

The Sub Registrar Office that covers Cheran Nagar Phase IV is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration reflects the official value set by the government.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value. Buyers should be aware that these costs are essential components of the total expense involved in property transactions.

Frequently asked questions

What is the current guideline value of Cheran Nagar Phase IV?

The current guideline value of Cheran Nagar Phase IV is Rs 1,065 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cheran Nagar Phase IV has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,065 per sq.ft in 2024, reflecting a 7% increase. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in KALAPATTY_East?

The median guideline value in KALAPATTY_East is Rs 1,055 per sq.ft. Cheran Nagar Phase IV's 2024 guideline value is above this median.

What are the stamp duty and registration fees for a property in Cheran Nagar Phase IV?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,65,000. The stamp duty would be Rs 74,550 and the registration fee would be Rs 21,300, totaling Rs 95,850.

Which office handles the registration for Cheran Nagar Phase IV?

The Gandhipuram Sub Registrar Office handles the registration for Cheran Nagar Phase IV. It is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.