Guideline Value for CHERAN NAGAR

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Kangeyam village under the Kangeyam SRO, is Rs 728 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Cheran Nagar has changed

The guideline value for Cheran Nagar has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 650 per sq.ft in 2012. However, it then decreased to Rs 435 per sq.ft in 2017. The value rose again to Rs 650 per sq.ft in 2023, before reaching the current value of Rs 728 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

Notably, the changes between these revisions show a substantial increase overall. From 2007 to 2012, there was a remarkable increase of 117%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, culminating in an increase of 12% from 2023 to 2024. Overall, the guideline value has increased by 143% from 2007 to 2024.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value in the village is Rs 448 per sq.ft, placing Cheran Nagar's 2024 figure above this median.

• Chennimalai Road (From Dhivya Hospital): Rs 448 per sq.ft (2024)
• CHENNIMALAI ROAD (BUSTAND To DHIVYA HOSPITAL): Rs 1,120 per sq.ft (2024)
• Cheniyapa Nagar: Rs 334 per sq.ft (2024)
• Chadhiram Veethi: Rs 728 per sq.ft (2024)
• Chinnasamy Aachiriar Veethi: Rs 1,120 per sq.ft (2024)
• Chinnaypudhur: Rs 448 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 728 per sq.ft, the total guideline value amounts to Rs 7,28,000. The stamp duty at 7% would be Rs 50,960, and the registration fee at 2% would be Rs 14,560, making a total of Rs 65,520. It is important to note that 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?

The Sub Registrar Office covering Cheran Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kangeyam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property registration. Understanding this value can help in budgeting for the total expenses involved in a property transaction.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 728 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 728 per sq.ft in 2024, reflecting an overall increase of 143% over the years.

What is the registration office for Cheran Nagar?

The registration office for Cheran Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is stamp duty calculated in Cheran Nagar?

Stamp duty in Cheran Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,28,000 would incur a stamp duty of Rs 50,960.

What are the guideline values of other streets in Kangeyam?

Other streets in Kangeyam have varying guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. For instance, Chennimalai Road (From Dhivya Hospital) is valued at Rs 448 per sq.ft, while Chinnasamy Aachiriar Veethi is at Rs 1,120 per sq.ft.