Guideline Value for Block 16 S.K.Chenniappa Street

Block 16 S.K.Chenniappa Street guideline value

The current guideline value of Block 16 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 and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 16 S.K.Chenniappa Street has changed

The guideline value for Block 16 S.K.Chenniappa Street has seen several revisions over the years. In the 2002 revision, the value was Rs 361 per sq.ft. This increased to Rs 405 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 500 per sq.ft in 2007, reflecting a 23% increase. Following that, the 2012 revision saw the value at Rs 1,000 per sq.ft, which was a 100% increase from the previous figure. However, in 2017, the value dropped to Rs 670 per sq.ft, indicating a decrease of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the latest revision in 2024.

From the 2023 revision to the 2024 revision, there was a 10% increase, bringing the current guideline value to Rs 1,100 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 205%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with the median being Rs 1,100 per sq.ft. Block 16 S.K.Chenniappa Street's 2024 figure aligns with this median.

• Block 17 E.V.Nanjappa Road: Rs 3,300 per sq.ft (2024)
• Block 17 Marappagounder Street: Rs 1,100 per sq.ft (2024)
• Block 16 Huts (Stanlypalam): Rs 770 per sq.ft (2024)
• Block 16 E.V.Najappa Road: Rs 3,300 per sq.ft (2024)
• Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu): Rs 1,100 per sq.ft (2024)
• Block 17 S.K.Chenniappa Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 16 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 amounts to Rs 11,00,000. The stamp duty at 7% would be 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 more details.

Which Sub Registrar Office covers Block 16 S.K.Chenniappa Street?

The Sub Registrar Office that covers Block 16 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Block 16 S.K.Chenniappa Street?

The current guideline value of Block 16 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 multiple times, starting from Rs 361 per sq.ft in 2002, reaching Rs 1,100 per sq.ft in 2024, which is an overall increase of 205% since 2002.

What is the stamp duty for property in Block 16 S.K.Chenniappa Street?

The stamp duty for property in Block 16 S.K.Chenniappa Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 77,000.

Where is the Sub Registrar Office for Block 16 S.K.Chenniappa Street located?

The Sub Registrar Office for Block 16 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.

What is the land classification of Block 16 S.K.Chenniappa Street?

Block 16 S.K.Chenniappa Street falls under the Residential Class II Type - I land classification.