Guideline Value for Block 17 S.K.Chenniappa Street

Block 17 S.K.Chenniappa Street guideline value

The current guideline value for Block 17 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 is classified as Residential Class II Type - I.

How the guideline value of Block 17 S.K.Chenniappa Street has changed

The guideline value for Block 17 S.K.Chenniappa Street has undergone several revisions over the years. The earliest recorded revision was in 2002, with a value of Rs 361 per sq.ft. This figure increased to Rs 405 per sq.ft in 2003, representing a 12% rise. By 2007, the value had further increased to Rs 500 per sq.ft, marking a 23% change. The 2012 revision saw a significant jump to Rs 1,000 per sq.ft, which was a 100% increase. However, in 2017, the value decreased to Rs 670 per sq.ft, reflecting a 33% drop. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 205%. The register has no figures for the years between these revisions for this street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Block 17 S.K.Chenniappa Street at this median value.

• Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu): Rs 1,100 per sq.ft (2024)
• Block 17 Marappagounder Street: Rs 1,100 per sq.ft (2024)
• Block 18 Marappa Gounder Street T.S.80: Rs 1,100 per sq.ft (2024)
• Block 18 Marappa Gounder Street T.S.89: Rs 1,100 per sq.ft (2024)
• Block 17 E.V.Nanjappa Road: Rs 3,300 per sq.ft (2024)
• Block 18 N.G.G.O.Colony Street 1 to 8: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 S.K.Chenniappa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Block 17 S.K.Chenniappa Street?

The Sub Registrar Office that covers Block 17 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 process of property transactions in Ward B. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the fees are calculated based on the official valuation of the property, which helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value for Block 17 S.K.Chenniappa Street?

The current guideline value for Block 17 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, reflecting an overall increase of 205% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 99,000.

Which office handles the registration for Block 17 S.K.Chenniappa Street?

The Erode Joint I Sub Registrar Office handles the registration for Block 17 S.K.Chenniappa Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the median guideline value for streets in Ward B?

The median guideline value for streets in Ward B is Rs 1,100 per sq.ft, which is the same as the current value for Block 17 S.K.Chenniappa Street.