Guideline Value for CHERAN RESIDENCY

Cheran Residency guideline value

The current guideline value of Cheran Residency is Rs 300 per sq.ft, as per the 2023 revision. This property is located in Karumathapatti village, under the Sulur SRO, and is classified as Industries Type - I.

How the guideline value of Cheran Residency has changed

Starting from the 2012 revision, the guideline value was Rs 200 per sq.ft. This value decreased to Rs 134 per sq.ft in the 2017 revision, marking a decline of 33%. However, in the subsequent 2023 revision, the guideline value increased significantly to Rs 300 per sq.ft, reflecting a rise of 124% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has increased by 50%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Therefore, only the revisions from 2012, 2017, and 2023 are applicable for understanding the changes in the guideline value.

Guideline values in Karumathapatti

While there are no specific village figures provided, Cheran Residency is part of the Karumathapatti area. The following is a list of other streets in Karumathapatti under the Sulur SRO:

Stamp duty and registration fee for property in Cheran Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total cost of Rs 27,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cheran Residency?

The Sub Registrar Office that covers Cheran Residency is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karumathapatti. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official documents.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher amount between the guideline value and the actual sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Cheran Residency?

The current guideline value of Cheran Residency is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, and then to Rs 300 per sq.ft in 2023, showing significant fluctuations over the years.

What is the land classification of Cheran Residency?

Cheran Residency is classified as Industries Type - I, indicating its suitability for industrial purposes.

Where is the Sulur SRO located?

The Sulur Sub Registrar Office is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is stamp duty calculated for property in Cheran Residency?

Stamp duty is calculated based on the higher amount between the guideline value and the sale price. For example, a property with a guideline value of Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.