Guideline Value for Cheran Nagar

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Kumarapalayam village, is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Cheran Nagar has changed

The guideline value for Cheran Nagar has remained consistent at Rs 1,000 per sq.ft since the 2023 revision, which also recorded the same figure. The register does not have figures for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the current guideline value reflects no change from the previous year, with a 0% increase from 2023 to 2024. The consistent value indicates stability in this area for the specified period.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value is Rs 1,001 per sq.ft, placing Cheran Nagar's 2024 figure below this median.

• Chidambaram Colony: Rs 1,000 per sq.ft (2024)
• C.G.V.Nagar: Rs 1,000 per sq.ft (2024)
• Brindavan Garden: Rs 1,000 per sq.ft (2024)
• Bright Garden: Rs 1,000 per sq.ft (2024)
• Chokkampudur Oorkattu: Rs 1,000 per sq.ft (2024)
• Chokkampudur Road: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Nagar?

The Sub Registrar Office that covers Cheran Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kumarapalayam, as it determines the minimum value at which properties can be registered. Buyers and sellers must refer to the guideline value to understand the financial implications of their transactions.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cheran Nagar has been Rs 1,000 per sq.ft since the 2023 revision, with no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kumarapalayam?

The median guideline value in Kumarapalayam is Rs 1,001 per sq.ft, with Cheran Nagar's value being below this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft at the current rate, the total cost would be Rs 90,000.

Where is the Sub Registrar Office for Cheran Nagar located?

The Sub Registrar Office for Cheran Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.