Guideline Value for Block 19 S.K.Chenniappa Street

Block 19 S.K.Chenniappa Street guideline value

The current guideline value for Block 19 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 19 S.K.Chenniappa Street has changed

The guideline value for Block 19 S.K.Chenniappa Street has undergone several revisions over the years. In 2002, the guideline value was Rs 275 per sq.ft. This increased to Rs 309 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 500 per sq.ft in 2007, which was a 62% jump. Following this, the value doubled to Rs 1,000 per sq.ft in 2012, representing a 100% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft, reflecting a 10% increase.

There are no figures available for the years not mentioned in the revisions for this street. The overall increase from 2002 to 2024 is 300%.

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. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Block 19 S.K.Chenniappa Street.

• Block 19 N.G.G.O.Colony Street 1 to 8: Rs 1,100 per sq.ft (2024)
• Block 1 Brough Road 1,2 Main Road: Rs 6,600 per sq.ft (2024)
• Block 19 Marappa Gounder Street 1,2,3: Rs 1,100 per sq.ft (2024)
• Block 1 Chinnamuthu Street 1: Rs 2,200 per sq.ft (2024)
• Block 1 Chinnamuthu Street 2: Rs 2,200 per sq.ft (2024)
• Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 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 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, leading to a total cost of Rs 99,000. It is important to note that 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 information.

Which Sub Registrar Office covers Block 19 S.K.Chenniappa Street?

The Sub Registrar Office that covers Block 19 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 is a critical factor when registering property transactions in Ward B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Block 19 S.K.Chenniappa Street?

The current guideline value of Block 19 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 275 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What is the land classification for Block 19 S.K.Chenniappa Street?

Block 19 S.K.Chenniappa Street is classified under Residential Class II Type - I.

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

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