Guideline Value for CHERAN NAGAR

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Kottur village under the Anaimalai SRO, is Rs 360 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Cheran Nagar has changed

Over the years, the guideline value of Cheran Nagar has seen several revisions. The 2012 revision set the value at Rs 360 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 360 per sq.ft. The 2017 revision recorded a lower value of Rs 241 per sq.ft, showing a decrease of 33% from the 2012 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value, bringing it back to Rs 360 per sq.ft. The overall change from 2012 to 2024 shows no net increase, as the value has remained at Rs 360 per sq.ft since 2012.

Guideline values in Kottur

Kottur village has a total of 286 streets under the Anaimalai SRO, with guideline values ranging from Rs 201 to Rs 450 per sq.ft. The median value for these streets is Rs 201 per sq.ft, positioning Cheran Nagar above this median.

• Durairaj Ramalingam Street: Rs 201 per sq.ft (2024)
• Bharath Nagar: Rs 251 per sq.ft (2024)
• Athi Parasakthi Nagar: Rs 360 per sq.ft (2024)
• Arunachalam Nagar: Rs 251 per sq.ft (2024)
• Ariyapuram: Rs 201 per sq.ft (2024)
• Anbu Nagar: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 360 per sq.ft, the total guideline value amounts to Rs 3,60,000. The stamp duty, charged at 7%, would be Rs 25,200, while the registration fee at 2% would be Rs 7,200. Together, the total cost for these fees would be Rs 32,400. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cheran Nagar?

Cheran Nagar falls under the jurisdiction of the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kottur. It serves as a basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 360 per sq.ft since the 2012 revision, with a notable decrease to Rs 241 per sq.ft in 2017, followed by an increase back to Rs 360 per sq.ft in 2023.

What are the guideline values for other streets in Kottur?

In Kottur, other streets have varying guideline values ranging from Rs 201 to Rs 450 per sq.ft. Cheran Nagar's value of Rs 360 per sq.ft is above the median of Rs 201 per sq.ft.

What fees are associated with buying property in Cheran Nagar?

When purchasing property in Cheran Nagar, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. These fees are calculated based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office covering Cheran Nagar is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104. This office handles all property registrations in the area.