Guideline Value for Cheran Colony (Ward No.5)

Cheran Colony (Ward No.5) guideline value

The current guideline value of Cheran Colony (Ward No.5) is Rs 1,022 per sq.ft, effective from 1 July 2024. This area is located in Thudiyalur village, under the Periyanayakkan Palayam SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Cheran Colony (Ward No.5) has changed

Over the years, the guideline value has undergone several revisions. The earliest recorded revision in 2012 set the value at Rs 800 per sq.ft. This figure changed to Rs 536 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 1,000 per sq.ft, which is an increase of 87%. The latest revision in 2024 has further increased the guideline value to Rs 1,022 per sq.ft, reflecting a 2% rise 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, the guideline value has increased by 28% from 2012 to 2024.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,019 per sq.ft, placing Cheran Colony (Ward No.5) slightly above this median.

• Cheran Colony (Ward No.4): 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.5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,022 per sq.ft, the total guideline value amounts to Rs 10,22,000. The stamp duty at 7% would be Rs 71,540, and the registration fee at 2% would be Rs 20,440, bringing the total cost for these fees to Rs 91,980. 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 Colony (Ward No.5)?

The Sub Registrar Office that covers Cheran Colony (Ward No.5) 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Thudiyalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Cheran Colony (Ward No.5)?

The current guideline value of Cheran Colony (Ward No.5) 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 1,022 per sq.ft in 2024, reflecting an overall increase of 28% over this period.

What is the land classification of Cheran Colony (Ward No.5)?

Cheran Colony (Ward No.5) is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Cheran Colony (Ward No.5)?

The Sub Registrar Office for Cheran Colony (Ward No.5) is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for properties in Cheran Colony (Ward No.5)?

Stamp duty for properties in Cheran Colony (Ward No.5) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.