Guideline Value for CHERAN SENGUTUVAN NAGAR

Cheran Sengutuvan Nagar guideline value

The current guideline value of Cheran Sengutuvan Nagar is Rs 1,014 per sq.ft, effective from 1 July 2024. This area is located in Veerakeralam village, under the Thondamuthur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Cheran Sengutuvan Nagar has changed

Over the years, the guideline value of Cheran Sengutuvan Nagar has seen significant changes. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased dramatically to Rs 1,000 per sq.ft, marking a 199% rise. The most recent 2024 revision established the guideline value at Rs 1,014 per sq.ft, reflecting a 1% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 103%.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,014 per sq.ft, which is the same as the guideline value for Cheran Sengutuvan Nagar.

• Chettipalayam: Rs 1,006 per sq.ft (2024)
• Chenngapetariamman Kovil St: Rs 1,006 per sq.ft (2024)
• Chinmaya Nager: Rs 1,028 per sq.ft (2024)
• Chitti Vinayager Kovil St: Rs 1,014 per sq.ft (2024)
• Chokkalinga Mudhaliar St: Rs 1,026 per sq.ft (2024)
• Daimand Nager: Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Sengutuvan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,014 per sq.ft, the total guideline value amounts to Rs 10,14,000. The stamp duty at 7% would be Rs 70,980, and the registration fee at 2% would be Rs 20,280, bringing the total cost for these fees to Rs 91,260. 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 Sengutuvan Nagar?

The Sub Registrar Office that covers Cheran Sengutuvan Nagar is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerakeralam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay these fees based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cheran Sengutuvan Nagar?

The current guideline value of Cheran Sengutuvan Nagar is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, with notable increases in 2017 and 2023.

What is the land classification for Cheran Sengutuvan Nagar?

Cheran Sengutuvan Nagar is classified as Residential Class II Type - II.

Where is the Thondamuthur Sub Registrar Office located?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

How is stamp duty calculated in Cheran Sengutuvan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.