Guideline Value for Cheran Nagar

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Cheran Nagar has changed

The guideline value for Cheran Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 300% rise. However, it decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,325 per sq.ft from the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 342%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, making Cheran Nagar's 2024 figure of Rs 1,325 per sq.ft above that median.

• Cheran Nagar A,B,C Extension: Rs 1,000 per sq.ft (2024)
• Cheran Nagar Backside: Rs 1,000 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total fees together to Rs 1,19,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Cheran Nagar?

Cheran Nagar falls under the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, within the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is crucial in the registration process for property transactions in Kavundampalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the state.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, reflecting an overall increase of 342% over the years.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, with Cheran Nagar's value of Rs 1,325 per sq.ft being above this median.

What are the stamp duty rates for property in Cheran Nagar?

The stamp duty for property in Cheran Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cheran Nagar?

The Sub Registrar Office covering Cheran Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more details online.