Guideline Value for Block 20 Sengoda Street

Block 20 Sengoda Street guideline value

The current guideline value for Block 20 Sengoda Street is Rs 2,750 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 Commercial Class I Type - III.

How the guideline value of Block 20 Sengoda Street has changed

The guideline value for Block 20 Sengoda Street has seen several revisions over the years. In 2002, the guideline value was Rs 569 per sq.ft, which increased to Rs 638 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 1,500 per sq.ft in 2007, reflecting a 135% increase. Following this, the value changed to Rs 2,500 per sq.ft in 2012, which was a decrease of 33%. The value then increased to Rs 1,675 per sq.ft in 2017, a 49% increase, and further rose to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 383%. There are no figures available for any other revisions for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value in this area is Rs 1,375 per sq.ft, and Block 20 Sengoda Street's current value is above this median.

• Block 20 R.K.Venkatasamy Street: Rs 7,700 per sq.ft (2024)
• Block 20 Nethaji Road Part 1: Rs 5,500 per sq.ft (2024)
• Block 20 Veerapathra Chettiar St: Rs 2,750 per sq.ft (2024)
• Block 20 Venkatasalam Street: Rs 2,750 per sq.ft (2024)
• Block 20 West Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 20 Easwaran Kovil Lane: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Sengoda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value comes to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 20 Sengoda Street?

The Sub Registrar Office that covers Block 20 Sengoda 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 C

The guideline value is a crucial factor in the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction reflects a fair value based on the prevailing rates in the area.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Block 20 Sengoda Street?

The current guideline value of Block 20 Sengoda Street is Rs 2,750 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 569 per sq.ft in 2002 to the current value of Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 383% over the years.

What is the classification of Block 20 Sengoda Street?

Block 20 Sengoda Street is classified as Commercial Class I Type - III under the Erode Joint I SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2% of the guideline value or sale price. For example, for a 1,000 sq.ft property, the total cost would be Rs 2,47,500.

Where is the Sub Registrar Office for Block 20 Sengoda Street located?

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