Guideline Value for cheran nagar

Cheran Nagar guideline value

The current guideline value of Cheran Nagar, located in Karumandichellipalayam village, is Rs 350 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - II land classification. The area is governed by the Perundurai SRO.

How the guideline value of Cheran Nagar has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back up to Rs 350 per sq.ft, and there was no change in the value from 2023 to the 2024 revision, which also stands at Rs 350 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 50%. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 350 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karumandichellipalayam

In Karumandichellipalayam, there are 111 streets under the Perundurai SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,650 per sq.ft. The median value is Rs 350 per sq.ft, which is equal to the current guideline value of Cheran Nagar.

• Chinnu Garden: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)
• Golden Nagar: Rs 350 per sq.ft (2024)
• Bagath sing nagar: Rs 350 per sq.ft (2024)
• Malligai nagar: Rs 350 per sq.ft (2024)
• Marudham Avenue: Rs 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 rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cheran Nagar?

The Sub Registrar Office that covers Cheran Nagar is the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052., Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Karumandichellipalayam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is important for buyers and sellers to be aware of the current guideline value, as it determines the financial obligations during the transaction. This ensures that all parties are informed about the costs associated with the property transfer.

Frequently asked questions

What is the current guideline value of Cheran Nagar?

The current guideline value of Cheran Nagar is Rs 350 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has experienced several changes, with the most recent revision in 2024 maintaining the value at Rs 350 per sq.ft, the same as in 2023. There was a significant increase of 50% from 2017 to 2023, while the value dropped by 33% from 2012 to 2017.

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Cheran Nagar?

The Perundurai Sub Registrar Office handles registrations for Cheran Nagar. It is located at No.102/105, Agrahara Veethi, Perundurai- 638 052., Coimbatore registration zone.

What is the land classification of Cheran Nagar?

Cheran Nagar falls under the Residential Special Type - II land classification. This classification is important for understanding the zoning and usage of the land in the area.