Guideline Value for Block 15 Sahan Saibu Street

Block 15 Sahan Saibu Street guideline value

The current guideline value of Block 15 Sahan Saibu Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 15 Sahan Saibu Street has changed

The guideline value for Block 15 Sahan Saibu Street has undergone several revisions since 2002. The register shows the following figures: in 2002, the value was Rs 186 per sq.ft, which increased to Rs 209 per sq.ft in 2003. Following this, the value rose to Rs 300 per sq.ft in 2007, and further increased to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The value then saw a significant rise to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2002 to 2024, there has been an overall increase of 315%. The jump from 2017 to 2023 was 109%, while there was a decrease of 33% from 2012 to 2017. The increases from 2007 to 2012 and from 2003 to 2007 were 67% and 44%, respectively. The most recent change from 2023 to 2024 reflects an increase of 10%.

Guideline values in Ward C

In Ward C, there are a total of 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, making the current value of Block 15 Sahan Saibu Street below this median.

• Block 15 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)
• Block 16 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 15 Janakiammal Layout: Rs 1,100 per sq.ft (2024)
• Block 16 Kandasamy Kudisai: Rs 770 per sq.ft (2024)
• Block 16 Kandasamy Street: Rs 1,100 per sq.ft (2024)
• Block 15 Cauvery Road Main Road Part 1: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Sahan Saibu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total charges Rs 69,390. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Block 15 Sahan Saibu Street?

The Sub Registrar Office that covers Block 15 Sahan Saibu 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 additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Ward C. It serves as a basis for calculating the stamp duty and registration fees that are applicable when a property is bought or sold.

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

Frequently asked questions

What is the current guideline value of Block 15 Sahan Saibu Street?

The current guideline value of Block 15 Sahan Saibu Street is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 186 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of 315% over the years.

What is the land classification of Block 15 Sahan Saibu Street?

Block 15 Sahan Saibu Street is classified as Residential Class III Type - I.

Where is the Sub Registrar Office for Block 15 Sahan Saibu Street located?

The Sub Registrar Office for Block 15 Sahan Saibu Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 69,390 in charges.