Guideline Value for Block 12 Chenniappa Lay-out

Block 12 Chenniappa Lay-out guideline value

The current guideline value for Block 12 Chenniappa Lay-out is Rs 825 per sq.ft. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Block 12 Chenniappa Lay-out has changed

The guideline value for Block 12 Chenniappa Lay-out has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 346 per sq.ft. In 2003, it increased to Rs 389 per sq.ft, marking a 12% rise. The next revision in 2007 set the value at Rs 600 per sq.ft, a significant increase of 54%. In 2012, the value was Rs 750 per sq.ft, which was a 25% rise from the previous revision. However, in 2017, the value dropped to Rs 502 per sq.ft, a decrease of 33%. The 2023 revision saw the value increase to Rs 750 per sq.ft, followed by the current 2024 revision, which set the value at Rs 825 per sq.ft, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 138%. The register has no figures for the years not mentioned in this article.

Guideline values in Ward D

In Ward D, 200 streets under the Erode Joint I SRO have a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 12 Chenniappa Lay-out is above this median.

• Block 12 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar: Rs 825 per sq.ft (2024)
• Block 12 Kottaiyar Street: Rs 825 per sq.ft (2024)
• Block 11 Senniappa Lay-out: Rs 825 per sq.ft (2024)
• Block 12 Om Kaliamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 Ranganathan Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 12 Chenniappa Lay-out

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. 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 information.

Which Sub Registrar Office covers Block 12 Chenniappa Lay-out?

The Sub Registrar Office that covers Block 12 Chenniappa Lay-out is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Ward D. It serves as a reference point for determining the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and fairly. It helps in assessing the value of the property for taxation purposes, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 12 Chenniappa Lay-out?

The current guideline value for Block 12 Chenniappa Lay-out is Rs 825 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 346 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, showing an overall increase of 138% over that period.

What is the land classification for Block 12 Chenniappa Lay-out?

Block 12 Chenniappa Lay-out is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Block 12 Chenniappa Lay-out is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are the stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee Rs 16,500.