Guideline Value for CHERAN NAGAR

Cheran Nagar guideline value

The current guideline value of Cheran Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. It is located in Coimbatore village under the Coimbatore North Joint 1 SRO, classified as Residential Class III Type - II.

How the guideline value of Cheran Nagar has changed

The guideline value for Cheran Nagar has seen significant changes over the years. The register shows that in 2007, the value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, it then decreased to Rs 167 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase of 499%, bringing the value up to Rs 1,000 per sq.ft, which remained the same in the 2024 revision.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 900%.

Guideline values in Coimbatore

In Coimbatore, there are 52 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,905 per sq.ft, with a median value of Rs 1,038 per sq.ft. Cheran Nagar's 2024 figure is below this median.

• Bilal Nagar/Estate: Rs 1,025 per sq.ft (2024)
• BILAL ESTATE Ist STREET: Rs 1,025 per sq.ft (2024)
• Fathima Nagar: Rs 1,010 per sq.ft (2024)
• BILAL ESTATE IInd STREET: Rs 1,025 per sq.ft (2024)
• Gandhi Nagar: Rs 1,015 per sq.ft (2024)
• G.M.Nagar: Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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?

Cheran Nagar falls under the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Coimbatore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the authorities will assess the guideline value and apply the applicable rates for stamp duty and registration fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, which is an overall increase of 900%.

What is the land classification for Cheran Nagar?

Cheran Nagar is classified as Residential Class III Type - II under the Coimbatore North Joint 1 SRO.

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

The stamp duty rate for properties in Cheran Nagar is 7%, and the registration fee is 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Cheran Nagar is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.