Guideline Value for Cheran Nagar A,B,C Extension

Cheran Nagar A,B,C Extension guideline value

The current guideline value for Cheran Nagar A,B,C Extension is Rs 1,000 per sq.ft. This area is located in Kavundampalayam village, under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of Cheran Nagar A,B,C Extension has changed

The guideline value for Cheran Nagar A,B,C Extension has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back to Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was an increase of 87%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 25%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Cheran Nagar A,B,C Extension is equal to this median.

• Cheran Nagar Backside: Rs 1,000 per sq.ft (2024)
• Cheran Nagar: Rs 1,325 per sq.ft (2024)
• Chettiar Amma Kadu 1st Street: Rs 1,000 per sq.ft (2024)
• Chettiar Amma Kadu 2nd Street: Rs 1,000 per sq.ft (2024)
• Chinnammal Layout: Rs 1,015 per sq.ft (2024)
• Brindhavan Nagar(126): Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Nagar A,B,C Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Cheran Nagar A,B,C Extension?

The Cheran Nagar A,B,C Extension falls under the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Kavundampalayam, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value serves as a reference point for both the buyer and the seller.

At the time of registration, the property is assessed based on the guideline value, ensuring that the government receives the appropriate fees. This process helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Cheran Nagar A,B,C Extension?

The current guideline value for Cheran Nagar A,B,C Extension is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent figures being Rs 1,000 per sq.ft for both 2023 and 2024, up from Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

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

For a 1,000 sq.ft plot valued at Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles the registration for Cheran Nagar A,B,C Extension?

The Vadavalli Sub Registrar Office handles registrations for Cheran Nagar A,B,C Extension, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions, ensuring compliance with local regulations and maintaining transparency.