Guideline Value for Block 14 Chatram Street

Block 14 Chatram Street guideline value

The current guideline value for Block 14 Chatram Street is Rs 772 per sq.ft, effective from 1 July 2024. This street is located in Ward E village and falls under the Erode Joint I SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Block 14 Chatram Street has changed

The guideline value for Block 14 Chatram Street has undergone several revisions over the years. In 2002, the guideline value was Rs 198 per sq.ft. This increased to Rs 224 per sq.ft in 2003, marking a 13% rise. The value then saw a significant increase to Rs 350 per sq.ft in 2007, which was a 56% change. The subsequent revision in 2012 set the value at Rs 600 per sq.ft, reflecting a 71% increase. However, in 2017, the value dropped to Rs 402 per sq.ft, showing a decrease of 33%. The guideline value rose again to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 772 per sq.ft, representing a 10% increase.

There are no figures available for the revisions in the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 290%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Block 14 Chatram Street's 2024 figure below that median.

• Block 14 Karur Road: Rs 771 per sq.ft (2024)
• Block 13 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 13 Old Arundhadhiyar Huts: Rs 771 per sq.ft (2024)
• Block 13 Nataraja Theatre Huts: Rs 771 per sq.ft (2024)
• Block 14 Nethaji Road Part-2: Rs 1,375 per sq.ft (2024)
• Block 13 Karur Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Chatram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 772 per sq.ft, the total guideline value amounts to Rs 7,72,000. The stamp duty at 7% would be Rs 54,040, and the registration fee at 2% would be Rs 15,440, bringing the total of these fees to Rs 69,480. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 14 Chatram Street?

The Sub Registrar Office that covers Block 14 Chatram 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 E

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Block 14 Chatram Street?

The current guideline value of Block 14 Chatram Street is Rs 772 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 198 per sq.ft in 2002 to Rs 772 per sq.ft in 2024, reflecting an overall increase of 290% over the years.

What are the registration fees for property in Block 14 Chatram Street?

The registration fees for a property in Block 14 Chatram Street include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 14 Chatram Street located?

The Sub Registrar Office for Block 14 Chatram Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the median guideline value in Ward E?

The median guideline value for streets in Ward E is Rs 825 per sq.ft, with Block 14 Chatram Street's 2024 figure being below this median.