Guideline Value for CHERANMAANAGAR/SREE RAGHAVENDRA NAGAR AVENUE

Cheranmaanagar/Sree Raghavendra Nagar Avenue guideline value

The current guideline value of Cheranmaanagar/Sree Raghavendra Nagar Avenue is Rs 1,010 per sq.ft. This street is located in Villankuruchi village and falls under the Ganapathy SRO, classified as Residential Class I Type - I.

How the guideline value of Cheranmaanagar/Sree Raghavendra Nagar Avenue has changed

The guideline value for Cheranmaanagar/Sree Raghavendra Nagar Avenue has seen several revisions over the years. In 2012, the guideline value was Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 99% rise. The most recent revision in 2024 has set the guideline value at Rs 1,010 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, placing Cheranmaanagar/Sree Raghavendra Nagar Avenue's 2024 figure above that median.

• Chenniappa Gounder Nagar: Rs 1,008 per sq.ft (2024)
• Casa Grande-Next Town: Rs 1,009 per sq.ft (2024)
• Brindhavan Nagar: Rs 1,007 per sq.ft (2024)
• Brindhavana Nagar: Rs 1,008 per sq.ft (2024)
• Bramma Daffodils: Rs 1,680 per sq.ft (2024)
• Bougain Villea: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Cheranmaanagar/Sree Raghavendra Nagar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total to Rs 90,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cheranmaanagar/Sree Raghavendra Nagar Avenue?

The Sub Registrar Office that covers Cheranmaanagar/Sree Raghavendra Nagar Avenue is 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 Villankuruchi

The guideline value is a crucial factor when buying or selling property in Villankuruchi. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the overall cost of registration.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, and it also helps in maintaining a standard for property values in the area.

Frequently asked questions

What is the current guideline value of Cheranmaanagar/Sree Raghavendra Nagar Avenue?

The current guideline value of Cheranmaanagar/Sree Raghavendra Nagar Avenue is Rs 1,010 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 1,010 per sq.ft in 2024. This represents an overall increase of 35% from 2012 to 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700, and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which office handles property registrations in this area?

The Ganapathy Sub Registrar Office handles property registrations for Cheranmaanagar/Sree Raghavendra Nagar Avenue, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the land classification for Cheranmaanagar/Sree Raghavendra Nagar Avenue?

Cheranmaanagar/Sree Raghavendra Nagar Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.