Guideline Value for CHERAN STREET

Cheran Street guideline value

The current guideline value of Cheran Street in Ganapathy village, under the Ganapathy SRO, is Rs 1,008 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Cheran Street has changed

Looking at the historical revisions, the guideline value of Cheran Street was Rs 150 per sq.ft in 2007. It increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a decline of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, reflecting a remarkable increase of 199%. The latest revision in 2024 sees the guideline value set at Rs 1,008 per sq.ft, showing a 1% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Cheran Street. Overall, from 2007 to 2024, the guideline value has increased by 572%.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing Cheran Street's 2024 figure below this median.

• Chellappagounder Layout-1: Rs 1,120 per sq.ft (2024)
• Chekkan Thottam: Rs 1,120 per sq.ft (2024)
• Chinnasamy Nagar: Rs 1,400 per sq.ft (2024)
• Chinnath Thottam.Seva Nagar: Rs 1,010 per sq.ft (2024)
• Buddhar Street, Ranganathar Street: Rs 1,400 per sq.ft (2024)
• C.M.Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value amounts to Rs 10,08,000. The stamp duty at 7% would be Rs 70,560, and the registration fee at 2% would be Rs 20,160, bringing the total to Rs 90,720. It is important to note that the 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 Street?

Cheran Street is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ganapathy. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded at a fair value, reflective of the market conditions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Cheran Street?

The current guideline value of Cheran Street is Rs 1,008 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 150 per sq.ft in 2007 to Rs 1,008 per sq.ft in 2024, representing an overall increase of 572%.

What are the other streets with guideline values in Ganapathy?

Other streets in Ganapathy include Chellappagounder Layout-1 and Chekkan Thottam, both at Rs 1,120 per sq.ft, among others. The values vary across different streets, with the highest being Rs 4,595 per sq.ft.

What are the stamp duty and registration fees for property in Cheran Street?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 70,560 and the registration fee would be Rs 20,160, totaling Rs 90,720.

Which office handles property registrations for Cheran Street?

The Ganapathy Sub Registrar Office handles property registrations for Cheran Street, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.