Guideline Value for Cherannagar

Cherannagar guideline value

The current guideline value of Cherannagar, located in Singanallur village under the Singanallur SRO, is Rs 1,568 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Cherannagar has changed

The guideline value for Cherannagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in 2017. Following that, the value increased significantly to Rs 1,400 per sq.ft in 2023 and further rose to Rs 1,568 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 12% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, positioning Cherannagar's 2024 guideline value above this median.

• ChinnaGurusamy Layout: Rs 1,001 per sq.ft (2024)
• Chandrakala Township Phase-I: Rs 1,792 per sq.ft (2024)
• Chandrakala Township Phase-2: Rs 1,792 per sq.ft (2024)
• Chandrakala Township: Rs 1,792 per sq.ft (2024)
• Chinnasamy Layout: Rs 1,001 per sq.ft (2024)
• B.R. Thottam: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Cherannagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,568 per sq.ft, the total guideline value amounts to Rs 15,68,000. The stamp duty at 7% would be Rs 1,09,760, and the registration fee at 2% would be Rs 31,360, bringing the total to Rs 1,41,120. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cherannagar?

Cherannagar is covered by 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 more information.

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

The guideline value is a crucial factor during property registration in Singanallur. It determines the minimum price at which a property can be registered, ensuring that the transaction is documented at a value that reflects the official rates set by the government.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Cherannagar?

The current guideline value of Cherannagar is Rs 1,568 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,568 per sq.ft in 2024.

What is the land classification of Cherannagar?

Cherannagar is classified as Residential Special Type - III according to the land classification guidelines.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,09,760 and the registration fee would be Rs 31,360, totaling Rs 1,41,120.

Which office handles registrations for Cherannagar?

The Singanallur Sub Registrar Office handles registrations for Cherannagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.