Guideline Value for CHERAN NAGAR

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Nallur village under the Nallur_Tiruppur SRO, is Rs 913 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Cheran Nagar has changed

Over the years, the guideline value of Cheran Nagar has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 200 per sq.ft, which then saw a significant increase to Rs 830 per sq.ft in 2012. However, in 2017, the value dropped to Rs 556 per sq.ft. The 2023 revision brought the value up to Rs 830 per sq.ft, and the latest revision in 2024 increased it to Rs 913 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The substantial jump from 2007 to 2012 was 315%, but this was followed by a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 357%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median value is Rs 714 per sq.ft, placing Cheran Nagar's 2024 figure above this median.

• Cheran Employees Garden: Rs 712 per sq.ft (2024)
• Chennimalaipalayam Nattham: Rs 708 per sq.ft (2024)
• Chennimalaipalayam Ad Colony Nattham: Rs 701 per sq.ft (2024)
• Chandrapuram Natham: Rs 716 per sq.ft (2024)
• CHANDRAPURAM MAIN ROAD (PAP Nagar Road To Sevandhampalayam): Rs 913 per sq.ft (2024)
• CHANDRAPURAM MAIN ROAD (Dharapuram Road To PAP Nagar Road): Rs 913 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 913 per sq.ft, the total guideline value would be Rs 9,13,000. The stamp duty at 7% would amount to Rs 63,910, and the registration fee at 2% would be Rs 18,260, together totaling Rs 82,170. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cheran Nagar?

Cheran Nagar falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process.

When registering a property, the guideline value is considered to ensure that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline values to understand their financial obligations during registration.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 913 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 200 per sq.ft in 2007 to Rs 913 per sq.ft in 2024, reflecting an overall increase of 357% over the years.

What is the land classification of Cheran Nagar?

Cheran Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office covering Cheran Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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, for a property valued at Rs 9,13,000, the stamp duty would be Rs 63,910.