Guideline Value for Block 14 Chella Batsha Street

Block 14 Chella Batsha Street guideline value

The current guideline value for Block 14 Chella Batsha Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward D village, under the Erode Joint I SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Block 14 Chella Batsha Street has changed

The guideline value for Block 14 Chella Batsha Street has seen several revisions over the years. In 2002, the guideline value was Rs 384 per sq.ft, which increased to Rs 431 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 600 per sq.ft in 2007, reflecting a 39% increase. In 2012, the guideline value remained at Rs 750 per sq.ft, showing no figure for this street in the register for that year. The 2017 revision saw a significant jump to Rs 502 per sq.ft, which was a decrease of 33% from the previous figure. The value then increased to Rs 750 per sq.ft in 2023, followed by a final increase to Rs 825 per sq.ft in 2024, which is a 10% rise from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 115%. The changes from the previous revisions illustrate the fluctuations in the guideline value over the years, with the most recent figure being the highest recorded for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, and Block 14 Chella Batsha Street's 2024 figure is above that median.

• Block 14 Cauvery Road Main Road: Rs 3,300 per sq.ft (2024)
• Block 14 Madhava Krishna Street: Rs 1,650 per sq.ft (2024)
• Block 14 Marimuthur Street: Rs 1,100 per sq.ft (2024)
• Block 14 Moshi Keeranar Street: Rs 1,375 per sq.ft (2024)
• Block 13 Lakshmi Narayanan Nagar: Rs 771 per sq.ft (2024)
• Block 13 Karpagam Lay-out: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Chella Batsha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 14 Chella Batsha Street?

The Sub Registrar Office that covers Block 14 Chella Batsha Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 during the registration of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 14 Chella Batsha Street?

The current guideline value for Block 14 Chella Batsha Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 384 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, showing an overall increase of 115% over the years.

What is the land classification for Block 14 Chella Batsha Street?

Block 14 Chella Batsha Street is classified as Residential Class II Type - II, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Where is the Sub Registrar Office located for this area?

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