Guideline Value for Cheran Nagar

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Peedampalli village under the Singanallur SRO, is Rs 110 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III 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. In the 2012 revision, the value was set at Rs 100 per sq.ft. However, it decreased to Rs 67 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 100 per sq.ft, followed by a further increase to Rs 110 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase in the guideline value.

Guideline values in Peedampalli

In Peedampalli village, there are 156 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft, with a median value of Rs 165 per sq.ft. Cheran Nagar's 2024 guideline value is below this median.

• Chellandiamman Nagar: Rs 110 per sq.ft (2024)
• Brindavan nagar: Rs 220 per sq.ft (2024)
• Diamond Avenue Phase-I: Rs 425 per sq.ft (2024)
• Diamond Avenue Phase-II: Rs 425 per sq.ft (2024)
• Diamond Avenue Phase III: Rs 660 per sq.ft (2024)
• Duraisamy Nagar: Rs 110 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 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, making the total fees Rs 9,900. 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property in Peedampalli, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When buying or selling property, the guideline value serves as a benchmark for the transaction. It helps in assessing the appropriate fees and ensures that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Cheran Nagar?

Cheran Nagar is classified as Residential Class III Type - I, which indicates the type of residential development permitted in the area.

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

For a property valued at Rs 1,10,000, the stamp duty would be Rs 7,700, and the registration fee would be Rs 2,200, totaling Rs 9,900.

Which Sub Registrar Office covers Cheran Nagar?

The Singanallur Sub Registrar Office covers Cheran Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.