Guideline Value for Block 19 Shek Dhavudh Street

Block 19 Shek Dhavudh Street guideline value

The current guideline value of Block 19 Shek Dhavudh Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 19 Shek Dhavudh Street has changed

The guideline value for Block 19 Shek Dhavudh Street has seen several revisions over the years. In 2002, the guideline value was Rs 467 per sq.ft, which increased to Rs 528 per sq.ft in 2003, marking a rise of 13%. The value then rose to Rs 750 per sq.ft in 2007, showing a 42% increase. In 2012, the value was Rs 1,000 per sq.ft, reflecting a 33% decrease from the previous revision. The 2017 revision set the value at Rs 670 per sq.ft, a 49% increase from 2012. The most recent revisions were Rs 1,000 per sq.ft in 2023 and Rs 1,100 per sq.ft in 2024, indicating a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 136%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ward E

In Ward E, there are 196 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 is Rs 825 per sq.ft, and the guideline value for Block 19 Shek Dhavudh Street is above this median.

• Block 19 Railway Station Road: Rs 1,375 per sq.ft (2024)
• Block 19 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)
• Block 19 Poondhurai Road: Rs 825 per sq.ft (2024)
• Block 1 Adhiyaman Street: Rs 825 per sq.ft (2024)
• Block 1 Brough Road Main Road Part 1: Rs 6,600 per sq.ft (2024)
• Block 19 Kadhar Moideen street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Shek Dhavudh 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, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 more details.

Which Sub Registrar Office covers Block 19 Shek Dhavudh Street?

The Sub Registrar Office that covers Block 19 Shek Dhavudh 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 information.

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

When buying or selling property in Ward E, the guideline value is used to determine the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

The guideline value also serves as a reference point for property transactions in the area, helping buyers and sellers understand the value of properties in the market. It is essential for both parties to be aware of the guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Block 19 Shek Dhavudh Street?

The current guideline value of Block 19 Shek Dhavudh 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 467 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 136% over the years.

What are the stamp duty and registration fees for a 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.

What other streets are in Ward E with their guideline values?

Other streets in Ward E include Block 19 Railway Station Road at Rs 1,375 per sq.ft, Block 19 Thanga Perumal Pillai Street at Rs 825 per sq.ft, and Block 19 Poondhurai Road at Rs 825 per sq.ft, among others.