Guideline Value for Cheran Colony (Ward No.4)

Cheran Colony (Ward No.4) guideline value

The current guideline value of Cheran Colony (Ward No.4) is Rs 1,022 per sq.ft, effective from 1 July 2024. This area is located in Thudiyalur village and falls under the Periyanayakkan Palayam SRO, classified as Commercial Class I Type - III.

How the guideline value of Cheran Colony (Ward No.4) has changed

The guideline value for Cheran Colony (Ward No.4) has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase to Rs 1,000 per sq.ft, marking an 87% rise. The 2024 revision further increased this value to Rs 1,022 per sq.ft, reflecting a 2% change from the previous year.

It is important to note that 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 28%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,019 per sq.ft, placing Cheran Colony (Ward No.4) slightly above this median.

• Cheran Colony (Ward No.5): Rs 1,022 per sq.ft (2024)
• Cape Town Phase I: Rs 1,020 per sq.ft (2024)
• Cape Town: Rs 1,020 per sq.ft (2024)
• Bore Gowder Street: Rs 1,014 per sq.ft (2024)
• Bore Gowder Layout: Rs 1,014 per sq.ft (2024)
• Deepshila Garden: Rs 1,019 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Colony (Ward No.4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,022 per sq.ft, the total guideline value would be Rs 10,22,000. The stamp duty at 7% would amount to Rs 71,540, while the registration fee at 2% would be Rs 20,440, totaling Rs 91,980. 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 detailed calculations.

Which Sub Registrar Office covers Cheran Colony (Ward No.4)?

The Sub Registrar Office that covers Cheran Colony (Ward No.4) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thudiyalur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when registering property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value will be used to determine the taxes owed at the time of registration. This ensures that the government receives the appropriate revenue based on the established value of the property.

Frequently asked questions

What is the current guideline value of Cheran Colony (Ward No.4)?

The current guideline value of Cheran Colony (Ward No.4) is Rs 1,022 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,022 per sq.ft in 2024.

What is the median guideline value in Thudiyalur?

The median guideline value in Thudiyalur is Rs 1,019 per sq.ft, with Cheran Colony (Ward No.4) being slightly above this median at Rs 1,022 per sq.ft.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 10,22,000. The stamp duty at 7% is Rs 71,540, and the registration fee at 2% is Rs 20,440, totaling Rs 91,980.

Which office handles property registrations in Cheran Colony (Ward No.4)?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Cheran Colony (Ward No.4), located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.