Guideline Value for Block 13 S.K.Chennimalai Street

Block 13 S.K.Chennimalai Street guideline value

The current guideline value for Block 13 S.K.Chennimalai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 13 S.K.Chennimalai Street has changed

The guideline value for Block 13 S.K.Chennimalai Street has undergone several revisions over the years. Starting with the 2002 revision, the value was Rs 361 per sq.ft. It increased to Rs 405 per sq.ft in 2003, marking a 12% rise. The value then saw a 23% increase to Rs 500 per sq.ft in 2007. The subsequent revision in 2012 recorded a significant increase of 100%, bringing the value to Rs 1,000 per sq.ft. However, from 2012 to 2017, the value dropped by 33% to Rs 670 per sq.ft. The 2023 revision saw a rise of 49%, bringing the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 has increased it by 10% to Rs 1,100 per sq.ft.

There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Block 13 S.K.Chennimalai Street aligns with this median.

• Block 13 Poosari Kadu: Rs 1,100 per sq.ft (2024)
• Block 13 Varatharajan St: Rs 1,100 per sq.ft (2024)
• Block 13 O.A.Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 14 E.V.Nanajappa Road: Rs 3,300 per sq.ft (2024)
• Block 13 Marappa Street 1,2,3: Rs 825 per sq.ft (2024)
• Block 14 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 S.K.Chennimalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty would be calculated at 7%, amounting to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for stamp duty and registration fee would be Rs 99,000. Please 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 details.

Which Sub Registrar Office covers Block 13 S.K.Chennimalai Street?

The Sub Registrar Office that covers Block 13 S.K.Chennimalai Street 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 information.

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

The guideline value is a critical factor in property transactions within Ward B. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is recorded accurately.

When purchasing property, it is essential to consider the guideline value as it reflects the official valuation set by the government. This value helps in understanding the legal and financial implications of the property transaction.

Frequently asked questions

What is the current guideline value for Block 13 S.K.Chennimalai Street?

The current guideline value for Block 13 S.K.Chennimalai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 361 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024. The most notable changes include a 100% increase from 2007 to 2012 and a 49% increase from 2017 to 2023.

Where can I find the registration office for this street?

The registration office for Block 13 S.K.Chennimalai Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

What other streets have the same guideline value in Ward B?

Other streets in Ward B with the same guideline value of Rs 1,100 per sq.ft include Block 13 Poosari Kadu and Block 13 Varatharajan St, among others. These values are set in accordance with the latest revisions from the registration department.