Guideline Value for Cheran Nagar

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Kuniyamuthur village under the Coimbatore South Joint 1 SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Cheran Nagar has changed

The guideline value for Cheran Nagar has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, and in the 2024 revision, it increased to Rs 1,002 per sq.ft, reflecting a change of +0% from the previous year.

Thus, the only recorded changes in the guideline value for this street are between the 2023 and 2024 revisions. The current rate of Rs 1,002 per sq.ft is the most recent and effective from July 2024.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,550 per sq.ft, with a median value of Rs 1,003 per sq.ft. Cheran Nagar's 2024 figure is below this median.

• Chinna Kani Konar Street: Rs 1,003 per sq.ft (2024)
• Chandra Garden: Rs 1,002 per sq.ft (2024)
• Chinnappa Gounder Lane: Rs 1,003 per sq.ft (2024)
• Chinnasamy Pannadi Street: Rs 1,003 per sq.ft (2024)
• Brindhavan Circle: Rs 1,001 per sq.ft (2024)
• Cholan Nagar Layout: Rs 1,200 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 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total charges Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Cheran Nagar?

The Cheran Nagar area falls under the jurisdiction of the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties are registered. When buying or selling a property in Kuniyamuthur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has been revised several times, with the most recent change occurring from Rs 1,000 per sq.ft in 2023 to Rs 1,002 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Cheran Nagar?

Cheran Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 90,180 in charges based on the current guideline value.

Which office handles registrations for Cheran Nagar?

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