Guideline Value for Block 15 S.K.Chenniappa Street

Block 15 S.K.Chenniappa Street guideline value

The current guideline value for Block 15 S.K.Chenniappa 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, classified as Residential Class II Type - I.

How the guideline value of Block 15 S.K.Chenniappa Street has changed

The guideline value for Block 15 S.K.Chenniappa Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 361 per sq.ft. This increased to Rs 405 per sq.ft in 2003, marking a change of +12%. In 2007, the value rose significantly to Rs 500 per sq.ft, an increase of +23%. The 2012 revision saw the value reach Rs 1,000 per sq.ft, reflecting a +100% change from the previous figure. However, in 2017, the value decreased to Rs 670 per sq.ft, a decline of -33%. The guideline value then increased to Rs 1,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 1,100 per sq.ft, a +10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +205%. There are no figures available for the 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 guideline value for 2024, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value for Block 15 S.K.Chenniappa Street.

• Block 16 E.V.Najappa Road: Rs 3,300 per sq.ft (2024)
• Block 15 Mosuvana Street: Rs 1,100 per sq.ft (2024)
• Block 15 Mosuvana Kadu: Rs 1,100 per sq.ft (2024)
• Block 16 Huts (Stanlypalam): Rs 770 per sq.ft (2024)
• Block 15 Kanthappa Street (or) Kandasamy Street: Rs 825 per sq.ft (2024)
• Block 15 E.V.Nanjappa Street(or)Mettur Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 S.K.Chenniappa Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to 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 further assistance.

Which Sub Registrar Office covers Block 15 S.K.Chenniappa Street?

The Sub Registrar Office that covers Block 15 S.K.Chenniappa 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Ward B. It serves as a benchmark for determining the value of the property, which is essential for calculating the applicable stamp duty and registration fees.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and fairly. It helps in maintaining transparency in property dealings and is a requirement for the registration process.

Frequently asked questions

What is the current guideline value for Block 15 S.K.Chenniappa Street?

The current guideline value for Block 15 S.K.Chenniappa 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 from Rs 361 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of +205% over the years.

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.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Block 15 S.K.Chenniappa Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 15 S.K.Chenniappa Street?

Block 15 S.K.Chenniappa Street is classified as Residential Class II Type - I.